Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Bought 30K of stock thru Murrell, and some kind of associates, during a bad market. Sold the
stock at 15K and the broker kept an additional 31% and filed it as gross income thru a 1099.

Question:

What is the law that direct them to (ie. the code) do what they did? They will not quote the law
or even answer my letter, in any form. This took place in Jan of 2000 and I lost the use of almost
5k for most of that year and a lot of 2001.

Any lead would be appreciated!!!

You evidently didn't sign a W-9 to be exempt from Withholding, so they withheld. They possibly didn't send you a W-9, or you overlooked it, or you sent it but they lost it, who knows, but it's too late now and you have no recourse. ed
Print the post  

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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 Glassdoor #1 Company to Work For 2015! 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