09-26-2013, 01:36 PM
That is correct. I used to be an active trader in a cash account and the accounting was a nightmare. Haven't done that in years. Now I do all of my options trading or other short term trades inside the IRA where there is no paper work. I probably would not bother in a regular account. I try to keep the trades and the numbers of MLPs down to a minimum in the cash account.
Alex