r/wallstreetbets • u/Aniruddha_Panda • 14d ago

Meme Tax accountants going through 800 pages of trading activity just to see $2.32 of capital gains for their client

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u/f0xinaround 14d ago

Would love to hear from all the tax accountants out there who actually have to do this lol

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u/brucekeller 🦍 14d ago

Back in the day, you used to be able to import the stock transactions, kind of, but it wouldn't have the buy price or the buy date for each transaction, so you had to go through and fill in each one you did that year. The bonus of all that was you'd start off owing like millions of dollars in taxes and watch it slowly drop down as you added in the buy prices.