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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: RickT who wrote (1609)	12/16/1998 10:16:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

If I trade a particular stock several times - over a day or a month, do I have to report each transaction separately, or can I just lump all the costs versus sales? Yes, normally a taxpayer would account for and report them separately. How else would you know how much you made or lost on the trades? How will my broker (ETrade) report it? Separately (although sometime a DAY's trades are aggregated onto one ticket, and you would normally follow suit). Which goes back to my top question: If I apply the wash rule to several trades in the same stock, each adjusting the basis of the next, can I just lump everything together into one big gain/loss? I wouldn't do that.