If I purchase stocks on a weekly basis from Trade builder, do I have to go list each and every transaction on my tax return when I goto declare income from the sale of such or Can I consolidate?
- posted
15 years ago
Trade Builder
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- posted
15 years ago
"bg5050" wrote
Only the sales get listed on your tax return, and you generally show one entry per sale, even thou there may have been multiple purchases. Exceptions apply for breaking the amount into long and short term holds. Other than for that, you can show the one sales date and "multiple" as the purchase dates (again, as long or short term holds).
Keep your purchase data for your records to account for your cost basis and holding period.