IRS Schedule D and the Active TraderThe IRS Schedule D is the 1040 tax form where active traders and investors of stocks, options, and single-stock futures file their capital gains and losses for tax purposes. Those who have elected the mark to market accounting method will record their trade activity on IRS Form 4797 - Sales of Business Property. However, many of the complexities of filing a schedule d, also apply to Form 4797. The Schedule D is by far the most complex of all the IRS tax forms!Imagine hand entering 1,000 or more trade transactions! Or worse yet, 5,000 transactions. Who has time for this? Certainly not your accountant, especially at anywhere from $50 to $250 per hour. And certainly not you, when you could be spending your time on your trading business rather than on IRS schedule D tax problems. Could there be an easier way to get this necessary work done? You bet there is: TradeLog™ tax lot accounting software from Armen Computing Ltd. TradeLog™ is the premier Schedule D / Wash Sale Generator software program for active traders and investors. Please read on to see the many problems associated with filling out this complex form, and how TradeLog™ greatly simplifies this process. Learn more about IRS Schedule D:
Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Armen Computing Ltd. does not make investment recommendations nor provide financial, tax or legal advice. You are solely responsible for your investment and tax reporting decisions. Please consult your tax advisor or accountant to discuss your specific situation. |