How to report trading income?

Discussion in 'Shares & Funds' started by Davidov, 22nd Oct, 2020.

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  1. Davidov

    Davidov Active Member

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    25th Jan, 2019
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    I do quite a bit of trading and I was hoping to put all the stock codes, number of shares and buy and sell price of each share plus date in an excel and send it to my accountant.

    However he has requested a "statement" for each trade which means there will be many. I generally throw out the letter statements but I keep the commsec confirmation "i.e bought X or sold Y"

    Whats an acceptable way of reporting numerous trades to your accountant, do you have to supply a statement for each transaction given I dont keep the phisical letters sent and only keep the electronic confirmation?
     
    Davidov, 22nd Oct, 2020
    #1
  2. Trainee

    Trainee Well-Known Member

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    Does your accountant just want proof for your numbers? Or theres info you are not supplying?

    maybe just switch to emailed contract notes. Throwing away contract notes is not smart.
     
    Trainee, 22nd Oct, 2020
    #2
  3. Shazz@

    Shazz@ Well-Known Member

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    Shazz@, 22nd Oct, 2020
    #3
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