I am lost in all the IRS info. It's my first year trading and I made hundreds of individual transactions, switched from Scott Trade to Harmon. Made a good bit with Scott Trade, lost with Harmon back down to a little lower than the break even point after calculating broker fees, wire fees, stockcharts, ihub fees.
I sold everything out and cashed out in November, so nothing is outstanding, which I did in part attempting to make tax prep easier (and because things were getting strange and I was losing in stead of winning) but I doubt it worked.
I called the IRS and I still have to report each and all individual transactions I guess, but they don't even have a good grip on exactly how to account it all and what forms, aside from reading pubs 550 and 554.
I bought and played with some individual stocks, buying, selling, buying ... I don't know which buys exactly I sold when, seems impossible to track without some kind of aggregate accounting process.
I don't even understand how to aggregate the totals of all this stuff so certain deductions (like stockcharts and wire fees) can be taken on the total and not attributed to a particular (buy to sell) transaction.
I'd love to know how to get a grip on this thing so I would know how they want me to report it. I wish I could hire an accountant, but I made next to nothing this year and I can't even afford to pay attention : (
I have all my numbers, I can account for everything, but transition into IRS syntax is mind boggling.
I want to file quickly this year because I would get a refund, and it's seriously needed. Harmon said they don't get forms out until some time in February.
Help would be hugely appreciated
