Traders and tax software

If you are filing your taxes using one of those softwares (Turbo Tax, Tax Cut, etc) and you think you need to type every single trade into the form, there is a better way.

If you have Quicken or Microsoft Money, it is likely that you can download all your transactions from your broker and save them in an TXF file.

The TXF file can then be read by your tax software and all your transactions will show up. You still have to enter the information from the 1099 forms you have received for dividends, interest and other income.