Okay....so I went to TaxAct online and completed the same process, and they came out with the same total, within $100 (for both my 1099 contract job and my 1256 trading), which convinced me it must be accurate. I then went through and actually filled out the 6781, the Schedule D form, and the Qualified Dividends and Capital Gains Tax Worksheet, and then checked everything against the 1040 they had filled out, and it all checked out. It still seems low to me based on how I assumed things would be taxed, but it is correct per the IRS instructions.
Now I just need to uncross my eyes and take an aspirin to get rid of this headache.
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
I am closing this thread to prevent a split topic. You can repost your questions there.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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