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siddharth

Tax related questions

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Last year was the first year that I had made a lot of trades. I had a question about taxes as to whether you all report the details of each trade in the tax forms since there are a lot now. Do you put down the entry/exit dates of each for each trade. It seems like a lot.


This is for US taxes.

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@siddharth310584Short answer, no, the 1099 totals are enough now that all brokers have to report cost basis.   Also, review this tread from a couple of weeks ago where a lot of this was discussed:

 

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I am living in Canada. I use IB traded a lot of Options last year. Are there any Tax Software in Canada can import the T5008 Trading Summary?

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