Stocks & Commodities V. 23:9 (58-59, 77-78): Product Review: TradeAccountant by David Penn
Ever see a message board thread titled “taxes and trading”?
Actually, the more important question is: Have you
ever clicked on or participated in a trader’s message board discussion on taxes and trading?
Didn’t think so.
If there is one subject that traders are even less enthusiastic about addressing than money management, it would truly have to be “taxes and trading.” Fortunately, in much the same way that popular tax preparation software products have revolutionized the process of filing taxes for hundreds of thousands of ordinary working Janes and Joes, TradeAccountant may provide a longed-for breakthrough for traders who enter tax season every year with a mixture of fear and loathing.
What makes TradeAccountant a boon for traders?
TradeAccountant is a valuable tool for real-life traders, who need not only position-tracking and trade-management tools, but also — sooner or later —
tools to help them move their trading results into tax-paying reality.