posted
Hello. I'm new to the board and have some questions about this whole day trading/short term trading thing. Now it seems that people are going throgh stocks left and right, but how do you deal with that when filing your taxes? I remember my dad bickering about having to report the stocks on his taxes, and if thats true i can't imagine how much bs you;d have to go through when reporting 50 to 100 stocks a year, and the profit or loss on each, and blah blah. blah. Is it really that horrendous or is there some simple short cut, or am i wrong all together.
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posted
its really not that bad with short term trades. takes My accountant about 20 minutes to total them up and I claim them just like regular income 22% tax bracket. cost me 100 bucks a year for my accountant to do my taxes and last year I had about 50 trades or so
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posted
its really not that bad with short term trades. takes My accountant about 20 minutes to total them up and I claim them just like regular income 22% tax bracket. cost me 100 bucks a year for my accountant to do my taxes and last year I had about 50 trades or so
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