I know this will not apply to everyone in the class, as you have students all over the world. I live in the U.S. Can you give us some idea of what option traders are in for when it comes to filing our taxes? I understand our profits will be taxed as short term capital gains. Will the forms TD Ameritrade provide have our profits and losses for the year condensed? Or, will we be expected to manually account for the profit and loss of each individual trade? If so, do you know of a way to efficiently export the needed information from thinkorswim to the appropriate form?

No manual calculations needed:)  Your profits will be taxed at the short term capital gains rate.  TD Ameritrade will provide all clients with a 1099B tax form typically no later than the first week of February.  This form will calculate all your P/L for the year.  If you have your email notifications turned on you’ll get the form via email. Or, you can always log in to TDameritrade.com and find the form in the tax center section.