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TradeLog Tip: Be an Educated Trader

Published: October 4, 2011
Tagged: TradeLog Tips, Trader Taxes

Why this tip? Trader tax issues are some of the most complex. In fact, many CPAs will admit they do not fully understand the wash sale rule, trader status, and other nuances. It is important that you understand enough about what is required by the IRS, and how to meet those requirements so that you can file accurate taxes and avoid mistakes that could cost you! Here are some suggestions for staying educated...

Follow the TradeLog Blog. On www.tradelogsoftware.com/blog we post updates relevant to using TradeLog and current tax issues affecting traders. We receive releases from the IRS and filter through to find news relevant to you, which we post up. We also have resource pages on hot topics like the New Cost Basis Legislation and New Forms for Reporting Taxes.

TradeLog Webinars. We feature live and recorded educational webinars on topics ranging from using TradeLog to important tax news and information. In the coming months we will have special expert sessions where you can learn about tax strategies and more from trader tax experts - and it's free! Register for upcoming sessions now.

Tax Topics. If you have not yet done so, we highly recommend reading our entire Tax Topic education series located on tradelogsoftware.com. These articles provide 'plain English' education on trader taxes.

At TradeLog we are dedicated to educating traders and providing the best trader tax software with the most comprehensive support. By taking advantage of the education we provide you can become a better trader and make tax time less frustrating.

Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Cogenta Computing, Inc. 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.