Platform based on exporting for taxes

November 28th, 2012, 12:15 PM

What is the best platform to use on price and ability to import tax information into turbo tax or tax cut?

November 28th, 2012, 12:34 PM

cshrum

What is the best platform to use on price and ability to import tax information into turbo tax or tax cut?

Any platform.

If you are trading futures, your futures broker will send you a 1099 at the end of the year. It's a simple 1-page document.

Mike

November 28th, 2012, 12:47 PM

So is it just a simple profit loss statement...trading stocks I had to go through and enter each trade

November 28th, 2012, 01:20 PM

cshrum

So is it just a simple profit loss statement...trading stocks I had to go through and enter each trade

Correct. One advantage of futures.

See the main tax thread here:

The Tax Thread

I thought we could use a thread devoted to Taxes. This is all things taxes regarding trading.

One example, Advantages/disadvantages for different situations (equities, futures, forex, etc) as well as benefits of filing sole-proprietor vs LLC or as a …

Mike

November 28th, 2012, 04:25 PM

Answered your post here.

Platform based on exporting for taxes

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Platform based on exporting for taxes