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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?


To: David Harker who wrote (582)3/17/1999 2:36:00 PM
From: Tae Spam Kim  Respond to of 611
 
I just use Quicken 99 which is able to input trades auto-magically from E*Trade over the internet. Saves a LOT of work. Then I just import the trading data into TurboTax.

-Tae Kim
Subject 14769



To: David Harker who wrote (582)3/23/1999 5:59:00 PM
From: Bruce Mapes  Read Replies (1) | Respond to of 611
 
I do the same thing. I had hundreds of trades this year. I put them in an Excel spreadsheet as I get the confirmations from my brokerage. I format the columns similar to the layout of schedule "D" Capital Gains/Losses. My accountant then puts the totals on the actual schedule D with "See attachment for detail".

Works great, and as you say, you can use all of the functions of a spreadsheet to analyze the trading results, have other columns with notes about the trade, or anything else you want. You just extract the columns the Fed. is interested in and print them out. Much better an re-entering the data into a tax package, or paying your accountant to sit there and enter them into his software.