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I'm doing relatively frequent stock trading in India and ETF in US. The number of trades on an average is one per day which means there are around 200 trades and therefore 400 transactions a year.

The US tax forms seem to require every transaction to be listed. At least that was the way when I was doing infrequent trading.


I went to the documents and it seems that if I use the provision of a frequent day trader called a pattern day trader, then I will be able to summarise all my transactions. However, I'm not at that stage as the trades are still much less then what a person was working full-time on this would have.


So is there any other way that I can avoid the burden of providing details of every transaction and simply give a summary at the year end?


Thank you for any inputs

kakinada;683209I'm doing relatively frequent stock trading in India and ETF in US. The number of trades on an average is one per day which means there are around 200 trades and therefore 400 transactions a year.

The US tax forms seem to require every transaction to be listed. At least that was the way when I was doing infrequent trading.


I went to the documents and it seems that if I use the provision of a frequent day trader called a pattern day trader, then I will be able to summarise all my transactions. However, I'm not at that stage as the trades are still much less then what a person was working full-time on this would have.


So is there any other way that I can avoid the burden of providing details of every transaction and simply give a summary at the year end?


Thank you for any inputs

i sometimes have 400-500 trades in a year since I use options. Most of the time gains keeper software takes care of transactions data transfer to my tax form but once I just exported data from my trading software into spreadsheet format and converted into a format acceptable by my tax software.