Replies to post #15830 on MATRIX Penny Stocks

[Omnitrader]

elsie: just add up your gross and net proceeds. dont have to list each stock. just net & gross especially if you file electronicley.

[eaglefl]

ElsieCat: I filed trader's status for tax purposes last year for the 1st time. The book: The New Trader's Tax Solution: Money Saving Strategies 2nd edition by Ted Tesser, takes you step by step through the process including how to fill out the associated Schedules C and D for traders.

The book is $20 at Traders Library.

It's correct as a few have already stated that you only need totals in Schedule D. More importantly, trader status saves a nice chunk of taxes.

EagleFl