tax question for those with 100's of trades year end

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eethie777

im making a lot of trades this year, and am wondering how you scalpers do your taxes when you have tons of trades, do you list everything on schedule D or what are my alternatives to avoiding listing hundreds of individual trades.......or what do some of you lazy people do to avoid this tax mess?
 
List everything. Not that big a deal. Depending on your broker, you can download to Excel, TurboTax, etc. If you can't download, change brokers now.
 
Quote from eethie777:

im making a lot of trades this year, and am wondering how you scalpers do your taxes when you have tons of trades, do you list everything on schedule D or what are my alternatives to avoiding listing hundreds of individual trades.......or what do some of you lazy people do to avoid this tax mess?
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tax season is over about month ago.
my approach for 2005 is simple as it was for last N years.write down proceeds(provided by your broker),substract your PnL from it and put this number as purchase price. purchase date is 1/1/2005, sale day-12/31/2005. one line on your tax form.pay your taxes.
 
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