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Hello Free,
It's a bit much for me. i just watch my liquidation value on each
account and don't record any trasactions in quicken or elsewhere. when
filing taxes, I usually just compute the difference bwtween jan 1 and
Dec 31, adjusting for any deposits, interest or cash withdrawals.
that amount is then subject to the 60/40% long/short gains tax. I
ususally note on my return that the detail transaction records are
available. so far so good.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Tuesday, March 19, 2002, 11:44:31 AM, you wrote:
F> I would like to know what people do to account for frequent trades. I use
F> Quicken for everything. For futures, I just enter a monthly summary when
F> the statement arrives. But for equities and options, I like to have a
F> record of each trade. One broker gives me direct OFX transaction data each
F> morning for each trade, which makes it really easy. But most of the brokers
F> do not do that - I can view online statements, but no automatic transaction
F> entry into Quicken. I wish they all allowed daily transaction data, or am I
F> just being too anal? Is there no market demand for this?
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