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by Anonymous on January 31st, 2005

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How do I file a federal return for day-trading losses? I won some, I lost some, but I finally cut my loss and withdrew my remaining balance which was about 65% less than my original starting capital.

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  • by Anonymous on January 21st, 2006

    Anonymous

    You can also go to any financial investor service (am I allowed to suggest one???) like, Edward Jones Investments, and they will help you with all of the red tape involved with this type of loss/gain/IRS filing. They will also point you to, and file for you, other financial benefits that you are likely entitled to with regard to gains or losses, or perhaps, sometimes offer an alternative "shelter" for you by reclassifying or reinvesting "losses" or gains. They offer a very effective, low cost service and maintain IRS records for you in case you are audited. They will even represent you in an IRS audit for any of the paperwork filing they have put together for you on your behalf.

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