as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how do day-traders or frequent traders handle their taxes?
user
starting of 2011, your broker has to keep track of all the transactions and the cost basis, and it will be reported on your 1099-b. also, some brokers allow downloading the data directly to your tax software or to excel charts (i use e*trade, and last year turbotax downloaded all the transaction directly from them).
assistant