Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121596  
Subject: Re: Tax ?...rolling options Date: 3/20/2012 3:40 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
.. my 1099-Bs do have options activity

Well, I suppose they are allowed. But I really doubt they did.

Take a close - a very close - look at the options activity you're thinking is on a 1099-B. My guess is that it will say this information is for your reference and is not reported to the IRS.

It comes with the 1099-B, but it's supplemental information for your use and not actually a 1099-B.



groan. it's worse than that.

you'e right --options NOT on 1099, but on "realized gain/loss report" (along with all other sales)

which i used to type into TT,
and which seems to be what TT gets when it Imports

so yes... i need to mark them all Box 'C' (i had everything Box 'A')

BUT .. noticed on the import that *most* (non-options) were Box 'B' even though basis is on *my* 1099
ie, my 1099 shows stock and fund sales... dates, proceeds & basis for each, but for only a few was basis reported to IRS --and i see no way to distinguish from the 1099
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement