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Day Trader and calculating current trades tax liability
Hello - i am a pattern day trader. I run a year-to-date summaries in my trading account that show realized/unrealized losses and gains. From a tax perspective, where on my statement should I be looking to understand what I have as taxable income as of now (all realized losses and gains)?
Should I be looking at "Mark-to-Market P/L statement and taxes"?
If Turbo Tax had something I could plug in my statement and tell me what I owed in taxes same day and time that would be invaluable.
Looking for any help on what others use to easily manage this. My brokerage doesn't have really great tools..(IBKR)
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‎August 15, 2023
12:33 PM