Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Rogers who wrote (3707)	4/15/1998 11:39:00 PM
From: ALDEN HUEN	Read Replies (3) \| Respond to of 9343

Use a broker that allows you to download all your trading activity in quicken. Or just keep track of your trades by entering them into quicken yourself. Then use turbo tax to import all you trade info.

To: Craig Rogers who wrote (3707)	4/15/1998 11:46:00 PM
From: Boplicity	Respond to of 9343

Buy tax software. I used quicken but I still had my accountant look it over. A lot cheaper that way. Also, cures you of trading so much. Greg

To: Craig Rogers who wrote (3707)	4/16/1998 3:18:00 AM
From: Rene Madsen	Respond to of 9343

Still Off Topic: Try entering the word "tax" in the search box (bottom this page) -- you'll be surprised how many forums are dedicated to this purpose....

To: Craig Rogers who wrote (3707)	4/16/1998 12:43:00 PM
From: DanZ	Read Replies (3) \| Respond to of 9343

Craig, I created a spreadsheet that looks like a Schedule D and enter my trades when I receive my confirmations. Then, I simply put the total sales price and total cost basis on the Schedule D and say "See attached worksheet" in the block where the trades normally go. The IRS has never complained about this so I guess it's acceptable to them. The benefit to this is that you can do the data entry throughout the year instead of waiting until the end of the year. You can also use the spreadsheet to calculate statistics like average trade size, holding period, average percentage gain per trade, percentage of winners and losers, etc. Dan