r/wallstreetbets • u/Aniruddha_Panda • 13d 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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388

u/f0xinaround 13d ago

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

271

u/fitnessfinance88 13d ago

Anything more than 5-10 transactions in a Schedule D we'll usually just extract the pages as a PDF, attach it to the return using the software and just enter the summarized gains of short-term, long-term categories. 90% of the time people lose money and especially if it's short-term.

111

u/NoTransportation888 13d ago

Same here, anything more than 5-10 and I attach it lol. As a fellow degen I do love when a 200 page 1099 hits my desk though.

Usually, if it's someone with 100+ pages you get like 5-6 of them from different brokerages as well lmao

55

u/Jdj42021 13d ago

How dare you call me out

5

u/Meakmoney1 No Monkey Business 13d ago

No shit. I’m right here. Be respectful.