Tax Tips for Active Traders

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DHANA

09/16/09 8:30 AM

Post #16

Re: #13: @DHANA - I have accounts with scottrade as well as

i will give them a call. it looks ok even if they charge twice as long as the service is good. thanks for the info.

dc_350

09/16/09 6:00 AM

Post #15

Re: #13: @DHANA - I have accounts with scottrade as well as

No idea...give them a call or email them...very easy to work with...

clairmontasap Free

09/15/09 7:42 PM

Post #14

Re: #10: @dc_350 - Used TradeMatcher to do my Schedule D yesterday...what

I have all my trading going on in a trust setup right now (except for one small account)....so it's all tax-free

DHANA

09/15/09 7:04 PM

Post #13

Re: #10: @dc_350 - Used TradeMatcher to do my Schedule D yesterday...what

I have accounts with scottrade as well as tdameritrade. do they consider as one account or two accounts and charge twice?
thanks.

NYBob

04/06/09 2:25 PM

Post #12

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clairmontasap Free

04/04/09 1:18 PM

Post #11

Re: #10: @dc_350 - Used TradeMatcher to do my Schedule D yesterday...what

nice DC

dc_350

04/04/09 10:06 AM

Post #10

Re: #8: @clairmontasap - Nice. thx DC

Used TradeMatcher to do my Schedule D yesterday...what a fantastic service!

Sent them an Excel spreadsheet downloaded from Etrade...within an hour they had responded, sending me a spreadsheet of what they thought were open positions at the end of 2008 (which were all correct) asking me to verify. Once I did that I had 2 PDF's within 3 hours...a Schedule D and a Schedule D-1 with all the detail...

Highly recommend their service...and all that for 35 bucks. Outstanding customer service!!!!

dc_350

02/07/09 11:40 AM

Post #9

fyi...

If any one is using Etrade's download of all 2008 transactions be advised that there is an issue. If you had a long position in any of the ETF's that have the word "short" in their description it shows up as a short sale as opposed to the sale of a long position. The symbols goofed up in my download were FXP, SKF and SRS.

I've contacted Etrade to see if it can be rectified...

clairmontasap Free

01/28/09 4:32 AM

Post #8

Re: #7: @dc_350 - Found this link...looks interesting and reasonably priced.

Nice.

thx DC

dc_350

01/24/09 7:46 AM

Post #7

Found this link...looks interesting and reasonably priced. Will probably use them this year for my 2008 Schedule D...

http://www.tradematcher.com/

clairmontasap Free

12/15/08 2:16 PM

Post #6

Re: #1: @dc_350 - Welcome to the tax tips for active traders board!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34195978

GobsoGreen Free

12/03/08 8:54 PM

Post #5

great board, ive been much more active lately, and should really look into this for next year

sidedraft

12/01/08 11:06 AM

Post #4

Re: #3: @jscot - I have been advised that to setup a

Thank you, I'll look into that.

jscot

12/01/08 11:02 AM

Post #3

Re: #2: @sidedraft - I read a post a long time ago,

I have been advised that to setup a trust is better than a company

sidedraft

11/29/08 10:00 PM

Post #2

I read a post a long time ago, where someone said that he had set himself as a company to get around the 35% tax problem.

I would love to see someone that has done that, post a link or detail what steps to take, to trade as a company of one.

dc_350

11/29/08 12:19 PM

Post #1

Welcome to the tax tips for active traders board!

I just became an active trader this year (over 1,000 trades since June 1st) and would appreciate anyone's guidance on how to best handle the tax ramifications of making so many trades...

Tax Tips for Active Traders

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Created	11/29/08	Type	Free
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The intent of this board is to share and exchange ideas on how to deal with taxes for active traders. I have no expertise in this area and hope that some of the more experienced traders can share their experiences...what works, what doesn't, things to watch out for etc. Any postings here should be taken with a grain of salt and it is important that you get professional tax advice rather than relying on this board.

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Tax Tips for Active Traders

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Tax Tips for Active Traders

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