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

To: Colin Cody who wrote (1867)	2/9/1999 6:24:00 PM
From: William Hayden	Read Replies (1) \| Respond to of 5810

Can anyone give me a simple step by step procedure how to make a spread sheet for stock sales on Quicken Deluxe 99. I want an easy to set up and use sheet to record my sells at the end of each trading day so they can be given to my accountant for Schedule D at the end of the year and for estimating Quarterly payments. Thanks in advance, (I'm a spreadsheet dummy) WH

To: Colin Cody who wrote (1867)	2/15/1999 11:30:00 PM
From: Trader J	Read Replies (1) \| Respond to of 5810

Colin: One quick wash sale question that somewhat echoes an earlier question on this board. I am a day trader and have frequent wash sale trades throughout the year but I make sure that if I trade an issue any time during december, that I do not purchase it until well after the 30 days going into the next tax year. The reason I do this is to avoid any wash sale carryover into the next tax year. My question is this. Seeing as though all my wash sales come out in the wash (pun intended) and do not carry over into the next year, will Uncle Sam look down on it that I do not report them as wash sales when filing my schedule D. Of course this is how I have been doing thus far, so I am asking very late.....but better late than never. Any audit that they would do would show that these wash sales would not figure against me. Just curious as I am trying to save myself the monumental headache of figuring out many, many, wash sale calculations. Thanks Colin, keep up the great work. Jeff