What Tax Product do you Active Stock traders or Day traders Use? Need to import pages of trades into software.
December 16, 2009 by
Filed under schedule making software
And also make a lengthy Schedule D, hopefully from which I import my trades into.
What software program is good and which should be avoided?
Thanks
Most tax prep software can import data from Quicken or Microsoft Money. You can use either of those to manage your portfolio and still e-file your return.
You can also use Excel. Just set up the columns in the same manner as Schedule D and manage your portfolio there. If the tax software you’re using won’t import from Excel then you can always put in the totals on Schedule D, print out the return and attach copies of the spreadsheet pages and mail in your return.
Turbotax can import from Quicken. Its a breeze.
Turbotax also give you a spreadsheet like format for entering certain transactions. Not sure, but I think you could copy/paste into it.
http://www.qcktax.com
Ditto for the excel suggestion.
There is absolutely NO WAY that I would cut and paste even 10 trades into Turbotax/taxcut. You’d have to cut and paste 6 columns of data per trade. (I can retype it faster than that.)
If I had 100 trades, I’d put all of the trades into Excel and write see attached on the front of the schedule D. Then I just print from my records and copy over the totals for line 2 and line 9.