Declaing yourself as a DAYTRADER taxes!

Quote from dumpandbasher:

Yes it will be extremely difficult to calculate those wash sales if you have thousands of trades. But you won't even need to bother, if you make sure to stop trading the stock(s) that you had wash sales for during a 30 day period that overlaps the end of the year. If you make sure to do that, then not doing the calculations yields the same end result as doing the calculations.

very true, I wish I had known that.... but it could work the opposite way, if you DON'T have a lot of $ and expect to earn more the next earn you might want to take advantage of this
 
Back
Top