Search results

  1. J

    Trading tax software for last minute filers

    You are making it sound complicated. 1. Don’t download before February 1 2008 because of third party delays. 2. Read the section “Import Your 1099 and Cost Basis Information” (see snap shot attached) of to understand the tax information that will be downloaded into TurboTax...
  2. J

    Trading tax software for last minute filers

    I don't know why you and the website even mention P/L statements and how they are wrong. They have nothing to do with doing taxes. TurboTax does not download P/L statements, or data. And as you note, everyone knows they are not to be used for filing tax data. Now I understand why you...
  3. J

    Trading tax software for last minute filers

    Your scaring me. So, are the wash-sale snap shots I provided from Fidelity(pg 5) and how they are reported in TurboTax Sch. D(pg. 6) figured correctly? Jeffrey
  4. J

    Trading tax software for last minute filers

    The previous snap shot of TRINA trades were from Fidelity website. After direct download into TurboTax, here is a snap shot of the same TRINA trade in TurboTax's Shedule D Jeffrey
  5. J

    Trading tax software for last minute filers

    If you do online banking, you would be downloading from all financial institutions at least once per month. I have a lot going on and download once per week to stay on top of business and get trade transactions after the three days. Jeffrey
  6. J

    Trading tax software for last minute filers

    You can download the entire year (up to 3,000) of transactions into TurboTax if your broker is listed on the previous jpg I posted. The 90 day limit of transactions that can be directly downloaded into Quicken is the problem. Jeffrey
  7. J

    Trading tax software for last minute filers

    There was a difference in the long term gain reported on the 1099 and what I reported in TurboTax, and it was because Fidelity did not have the cost basis for that one stock. The IRS said that what I put down is the important number as long as I can justify it. I made the best estimate...
  8. J

    Trading tax software for last minute filers

    They are downloaded from Fidelity website I suppose. I called the IRS while and let them know exactly how I was doing it, while specifically asking about a missing transaction that was transfered from another broker years ago. And that broker did not keep records that far back. So, I...
  9. J

    Trading tax software for last minute filers

    I can only offer my experience using TurboTax Personal and Business. I have done my own taxes through the 90’s running a small business. I also used Quicken Home & Business Financial Software. For position trading, I use Fidelity. I directly downloaded about 350 transactions into...
  10. J

    Trading tax software for last minute filers

    TurboTax asked you if you want to directly download the tax information from your broker. It has a list of brokers for you to chose yours. Most are there. TurboTax can download up to 3,000 transactions, and wash sales are included as a transaction. You don't need gainskeeper or tradelog...
  11. J

    Traders: who does your taxes?

    Go to your brokers web page and get the 1099(s) probably in PDF as well. You'll immediately know your realized Gain/Loss. Call TurboTax and ask if your broker is listed, so that you can do a direct download. You might be able to use Deluxe, if not get Premium. Then do the download, and...
  12. J

    Giving money away makes me happy and study done shows I ain't alone

    Giving money away can buy you happiness. Giving money away can contribute toward making a better world. Giving money or gifts can make you feel good, worthy, liked, and accepted. Giving money away can buy you friends. Giving money away can insure others tolerate your beliefs and behavior...
  13. J

    High Speed Internet

    http://www.cnn.com/2008/TECH/02/23/japan.satellite/index.html?eref=rss_topstories Jeffrey
  14. J

    Trading and eye strain....?

    http://www.youtube.com/watch?v=82cdngMngq0
  15. J

    AHG - Profitable Strategy for Struggling Traders

    This additional information may be helpful, although, it should be in the psychology section. Why don’t you have patience? Is it laziness, procrastination, out of comfort zone, fear of success, and/or fear of failure, allowing others negative vibrations (signals) affect you, not willing to...
  16. J

    AHG - Profitable Strategy for Struggling Traders

    Stop trading with real money and paper trade if you don't want to lose. This will help relax your mind enabling it to absorb only positive vibrations. When I went through your predicament I used an excel spread sheet to record entries and exits. (I intra-day swing trade with equities, so...
  17. J

    Are you profitable? So take this challenge...

    As your day trader/consultant I would instant message you buy or sell calls along with the amount of shares to use. Your responsibility would be to follow every cue received using a margined account, and trade only my cues. I would calculate a 2% management fee figured on the beginning...
  18. J

    Coaching traders as a business

    This site will help a lot of unknown traders establish a following. In January 2008 your following will need to pay you to follow your trades, and to sell yourself and your consulting services, you can allow potential clients to view your profile. http://www.covestor.com/
  19. J

    Better Trades infomercial....

    This company was started (by) using the main instructors(performers) who lost their jobs with the infamous Wade Cook University. They teach the same classes as they specialized in with Wade Cook. http://www.onlycritiques.com/subcategories/RealEstateOpp/WadeCook.html
  20. J

    Mbtrading site navigator and site down!!!

    I stand corrected. I was not able to sign into Navigator, and then I was able to. Assuming got the best of me wanting to send my post off without looking at Navigator past the acceptance of the sign in.
Back
Top