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

To: RealMuLan who wrote (1810)	2/3/1999 8:59:00 PM
From: Colin Cody	Respond to of 5810

Of course, unless you want to hire an accountant. I don't think one usually hires an accountant to do routine bookkeeping. If a taxpayer/trader uses a CPA, he STILL should do the spread-sheet as you've suggested BEFORE seeing the accountant... or hire a BOOKKEEPER who comes in one day a month to do it for the taxpayer. The spread-sheet totals then need to be reconciled with the brokerage accounts and annual form 1099B.

To: RealMuLan who wrote (1810)	2/3/1999 11:47:00 PM
From: Nelson Chang	Read Replies (2) \| Respond to of 5810

Leman: The ideal way to make your schedule D the least painful, as I have well over 1000 trades as well, is to get Quicken Deluxe and simply download your transactions onto the program. There is little typing and little error. Then use TurboTax to do your Schedule D's in about 1 min. But that's ideal. Quicken unfortuneately doesn't know wash sales, so it gets hairy at the end of the year if you trade the same stock. You'll have to do that yourself and not apply the loss of the wash sale.