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Feb 9 2010 11:30AM 0 negative votes 0 positive votes  |  (permalink)
meemster
Posts: 10
Tags:
wash sale rules

Hello, 
 
I'm sure many of us are anticipating tax season :( bleh. This being my first year of actively day trading, I would like to know if Turbo Tax (any of the versions) will handle wash sale rules w/ minimal input from myself. I'm totally dreading doing my taxes this year b/c I'm guessing that day trading is going to make it infinitely harder than it already is. Any advice is appreciated, even if it's "take your taxes to a tax accountant."
 
Thanks 
Feb 12 2010 2:40PM 0 negative votes 0 positive votes  |  (permalink)
kunal00
Posts: 68
Tags:
Quoting meemster
Hello, 
 
I'm sure many of us are anticipating tax season :( bleh. This being my first year of actively day trading, I would like to know if Turbo Tax (any of the versions) will handle wash sale rules w/ minimal input from myself. I'm totally dreading doing my taxes this year b/c I'm guessing that day trading is going to make it infinitely harder than it already is. Any advice is appreciated, even if it's "take your taxes to a tax accountant."
 
Thanks 

Reply:  I got a cheap accountant. he charges 80 bucks or so.  I take my gains and losses forms from ameritrade and I just hand it to him and he figures it out.
 
A lot of us do quick trading so we dont really have much tax loss selling to do if ever. 
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