Trading taxes, which do you use?

[StockHunter]

I'm curious to find out what the majority of traders do for taxes.

I hire someone else to do my taxes for me, but have heard there are quite a few out there who do it on their own.

 

[StockHunter]

I guess I'm the only US trader here that files taxes? lol

 

[Lord Flasheart]

95% of traders lose we are told,and in the uk we have spread betting which is largely tax free,so i dont think there will be many takers for the survey

 

[StockHunter]

true, but most are also part-time traders (hold a normal day job) so they would still be filing taxes likely using their trading losses to offset their tax liability on their regular income.

 

[maxima]

this is not possible in the UK, you only offset trading profits against trading losses from previous years.. i dont really think this is the case in the US either though...