Good afternoon one and all,
I've recently acquired a client who buys and sells shares semi-frequently. He's not a day trader, but he does trade somewhere in the region of 15-30 times per year.
He's made large gains on these and not realised he should be reporting them via a personal tax return, and instructed me to complete it for him.
I'm aware of the matching rules and how they should be applied, but it's a long and tedius process when he is buying and selling so frequently, establishing the pools, more so because he trades the same stocks as well.
I was wondering if anyone had any recommendations for software that could automatically calculate this for me if I could provide the necessary details - he's my only client who is involved with this, just wanting to save time and prevent the risk of errors but for a low cost.
Any recommendations are appreciated, and thanks for taking your time out to read this