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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Gary Payton who wrote (330)6/8/1998 2:13:00 AM
From: Colin Cody  Read Replies (1) | Respond to of 1383
 
You're thinking too complex. Started year with 100K cash and ended with 200K cash, with no additions or subtractions, just pure trading.
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THEN YOUR SHORT-TERM CAPITAL GAINS/LOSSES SHOULD NET OUT TO BE $100,000. THAT IS A GOOD "CONTROL" FIGURE TO USE TO MAKE SURE YOUR TAX RETURN ADDS UP TO THE CORRECT TAXABLE INCOME.
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COLIN


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