lol! when i said “what brokerage statement”, i was suggesting that i haven’t even looked at my mail in awhile… in fact, i dont think i’ve ever looked at any of my brokerage mail…
this is my first year gambling on stocks (and not with a large bankroll) so i’ve never had to deal with the tax implications. on top of that, i file 1040ez!
heh, i’m friends with an accounting office so i may hit them up come april 13th to do my taxes. if it even comes to that, my gains and losses have put me near zero… i’m sure standard deduction will be fine… heh!
you know, as far as i can tell, the accounting seems easy enough. i input a certain amount of cash, a bank transfer into my scottrade account. that money is all i have to play with, margin trades not withstanding. those would be easy enough to account as well, someone has a record of “credit” since they’re charging interest on it. at the end of the year, your total balance is compared to your cash input. if the balance is greater than the cash input, i made a profit and that profit gets taxed. if i lost money, i can deduct whatever the max deduction available is.
i can also talk to my boss about it, he’s been gambling on options (and is really the one that goaded me into it) for awhile.
