Replies to post #540310 on Zeev's Turnips Patch-No Politics (ZEEV)

[steviee]

Newly, i'll just give them my year end statement from Ameritrade,they did the figuring.

[zentman]

OT Newly, Did you ever sell your house?

[See Shasta]

My understanding (from my accountant) is that the IRS can only go back 3 years unless there is evidence of under-reported income of 25%.

[swing man]

Gainskeeper organizes them pretty well, including options and wash sales. If the IRS ever asks for me to clarify the "day trading" by each stock, I have that. there are basically 3 types of audits and I dont feel that combining trades as "day trading" will get me to the worst level. I actually think its allowed, had researchd it one year but its definately a grey area and although I have a law degree I'm not a tax attorney.