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

To: Olu Emuleomo who wrote (2035)	12/14/1998 12:54:00 PM
From: BarbaraT	Respond to of 56532

If you have Excel - you can set up a Schedule for every rt trade you make in chronological order. Excel will total it up for you saving you the manual labor (and possibility of error) and you can submit that form with your taxes. I do it every year. Have more than 200 trades and give my accountant 5 pages. He would have a fit if he had to sort through that many sheets or add this all up. Make sure you total the sales from your brokerage accounts at year end and compare with your total to be certain you left nothing out. I caught myself last year -and it was hard to find. On a very busy day, I forgot to enter one trade (sale) and had to go through one by one on the broker's 1099 to find the error. Must keep discipline.