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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (184)	5/23/1998 2:28:00 AM
From: invest04	Read Replies (1) \| Respond to of 1729

IMHO, as a full time active trader, here's the easiest method to keep track of trades for taxes purposes... 1. Get a borker that provides daily transaction access on line; 2. Get good financial software, such as Quicken even though it's unbelievably cheap; 3. Every single night, without fail, enter all of your transactions into your financial software from your on line borker (do NOT wait to receive your written confirmations); 4. When you receive your written confirmations in the mail, make a nice neat stack of them...don't bother looking at them. 5. Promptly when you receive your end of the month statement, reconcile your statement to the transactions in your financial software program. 6. If you're serious about trading, get a knowledgeable CPA. 7. At tax time, just run off your reports.