Zeev's Turnips Patch-No Politics (ZEEV)

[swing man]

Filing as "daytrader" is ok. From last weeks discussion. Article may be helpful to some.

here:

The best way I've found to handle this mess is to buy financial software and use the feature that allows you to download trading data from online brokers. Then you can transfer all the data into your tax preparation software without breaking a sweat.

If you insist on doing this by hand, then I recommend — at a minimum — showing the following on Schedule D: your net short- and long-term gains and losses, total sales proceeds and the total cost of your shares. That way, the IRS can still reconcile your return with the information that your broker provides. Attach a statement saying you will provide the details on request.

Link: http://www.smartmoney.com/tax/capital/index.cfm?story=daytrading