First off, I'm not exactly asking for specific tax advice. I'm interested in the different ways day traders in the US prepare their taxes. Currently, I'm using the simulator, and there's no way I'll transition to real without some tax preparation solution in place.
I like the idea of getting all my trades from my broker and forwarding them to an accountant. But, are there other options that you use and would share?
Are there any online day trader friendly accountants that you use and would recommend?
As a new trader going into this, what are the gotcha's you encountered? There's bound to be some hidden cost or part of the process I'm not thinking about.
I have already researched this somewhat, and I have ideas, but I'd like to hear from veterans in the community. Thanks.