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Kara Ditto
Dec 2, 2007 - 7:46AM
Schedule D

I have begun my first year as an investor in stocks and options. I did quite a bit of trading, in both IRA and non-retirement accounts. Should I buy a software program, such as TradeLog, to compile my trading data and prepare my schedule D? Are there other software programs available that are affordable and reliable that you can recommend, if software for schedule D is recommended?

Zip Code: 23227

g
Gary Davis CPA
Dec 19, 2007 - 2:59PM
Re: Schedule D

Kara,

You generally don't have any reporting requirements for transactions or earnings inside an IRA.

I'm not familiar with the software you mention, but both Intuit's Quicken and Microsoft's Money can track your gains and losses. If I'm not mistaken, both can produce a tax report of your gains and losses. The versions that can handle this are about $50-80.

Their websites have comparisons of the various versions and features of each.

Good luck!

Gary

Zip Code: 43232

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