SPX Credit Spread Trader

Quote from optioncoach:

Riskarb:


I do not even want to ask what you did to come back lol....or who..

Could
U Try and
Not be so
Touchy this time lol....
More...

lmao... didn't you know? My bruised ego and thin-skin can only take so much abuse! C U Next Tuesday!

Seriously though. I will be a good boy. You never know if my kids will read this stuff.
 
Guys:

I could use a little help with getting my OX transactions for 2005 in a form where I can attach them to my tax return. As I noted below the only spreadsheet I've been able to download lists each buy and sell as an individual row, which means I'll have to marry them up for the IRS.

Is there another download from OX that I'm just not seeing.

Please help, before I go postal.

Thanks.


Quote from rdemyan:

Thanks, Donna, you're a peach!

Do you know if OX has a tax worksheet like the one in ToS? I'm searching through their website and I can't find one. I have found a spreadsheet that can be downloaded but it lists each transaction (buy and sell) separately. If I use this I'll have to manually wade through the spreadsheet to put the buy and sell numbers on one row for each option leg. The ToS worksheet already lists the transactions the way that Schedule D wants to see them.
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OX is easy.

GO to Activity under Account Tab and then do Analysis. Set the time fram to Last Year and then click.

Take entire listing of all transactions with net P&L and dump it inot Excel. Fix the columns and viola.

If you are not sure what it shoudl look like, go to the first few months of my journal where I posted my month results in Excel.

That was the Activity dumped into Excel.
 
rdemyan -- double check this, but I believe that if you traded options on SPX you need to apply Section 1256 rules (to your benefit)... this means using IRS Form 6781.

Donna -- I assume you used Form 6781?

Otherwise you might have paid too much capital gains.



Quote from rdemyan:

I hope somebody is out there who can HELP!!!!

I shouldn't have waited so long to do my taxes, but....

2005 is the first year I started trading ICs and so there are a ton of individual transactions.

There is a continuation sheet for Schedule D call D-1. Can I substitute a spreadsheet for it. Please say yes.

Thanks.
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rdemyan -- OX should have a green button called GainsKeeper under the Account/Tax Resources tab. Click on it and your Sched D will be done for you using GK, free of charge. It will generate a file that matches up all trades and you won't have to enter anything by hand.

Quote from rdemyan:

Thanks, Donna, you're a peach!

Do you know if OX has a tax worksheet like the one in ToS? I'm searching through their website and I can't find one. I have found a spreadsheet that can be downloaded but it lists each transaction (buy and sell) separately. If I use this I'll have to manually wade through the spreadsheet to put the buy and sell numbers on one row for each option leg. The ToS worksheet already lists the transactions the way that Schedule D wants to see them.
More...
 
Thanks, Andy.

It is convenient. Maybe we can get ToS to adopt it.



Quote from andysmith:

rdemyan -- OX should have a green button called GainsKeeper under the Account/Tax Resources tab. Click on it and your Sched D will be done for you using GK, free of charge. It will generate a file that matches up all trades and you won't have to enter anything by hand.
More...
 
Hi Andy...actually I don't need to...all my spx trades were in the IRA...I keep (or try to) my trading in the cash account to a minimum. And we don't have much in the cash acc:p
 
Quote from rdemyan:

Thanks, Andy.

It is convenient. Maybe we can get ToS to adopt it.
More...

your not finished yet:eek: me either:confused: I just have my rough draft done...I call preparing my taxes creative writing 101 (shhhh don't tell anyone:cool: )...I'll polish it up tomorrow
 
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