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.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Donna Carey who wrote (1916)	12/13/1998 1:20:00 PM
From: BANCHEE	Read Replies (1) \| Respond to of 56532

Donna If you have some time, maybe you can help us all out by giving us some kind of form to follow so it will help us at tax time...I know I have a ton of paper work that every time I look at it, it gets bigger. When I give it to my Tax man, He growls.......I feel like a sheep, getting ready for a hair cut....Wash rule, How important is that...Like I said I just give him a box and he says he will get even........ BTW computer cop was on American Most Wanted last night.We should see a rise in CCEE on Mon, but then, you never know with that one... Thanks in advance Banchee

To: Donna Carey who wrote (1916)	12/13/1998 2:26:00 PM
From: MMK	Read Replies (1) \| Respond to of 56532

Donna and Barbara, Thanks for the bookkeeping tips. I think the Day planner is a great idea and I hope it will eliminate all the little pieces of paper now floating around on my desk. Donna, I am very interested in the tax advice, as I think our accountant is going to have a bird when she sees what I've done! Could you offer more advice as to what we should have ready? I had thought the monthly statements would be all I needed. I have read elsewhere that it is a good idea to hire someone to keep up with your trading regularly, that way the IRS goes after them if a question and not you. Have no idea about a Schedule D. I think this is a great topic, especially for us newbies. Thanks for any additional comments!--MMK

To: Donna Carey who wrote (1916)	12/13/1998 3:56:00 PM
From: BarbaraT	Respond to of 56532

My accountant loves it ... I hand him 4 pages of stock transactions all tabulated on Excel and he just attaches it as a schedule taking the totals and putting them in the tax form. Saves me a lot of money as well and him a lot of time.