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

To: Spike who wrote (375)6/25/1998
From: Colin Cody  Respond to of 1383
 
sure you can do that. I never talked with anyone who has done so though.
.
If I DID do it I would never just take the ACCOUNT BALANCE to compute the overall short-term gain. What if you earned a dividend? What if you paid margin interest - or earned interest? What if you took out some $$$ for your own use? What if you contributed some cash to cover a purchase? What if you mailed them some certificates held at home?
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Do the computations for the transactions, one by one!!
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Colin


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