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Financial Planning / Tax Strategies


Subject:  Re: 1099B cost/proceeds does not reflect options Date:  3/17/2013  8:41 AM
Author:  irasmilo Number:  118073 of 131386

Your broker does not have to report options activity to the IRS until the 2014 tax year. Your legal obligation is to file a correct tax return. Follow the instructions for Form 8949 to make adjustments in the numbers the broker reports. Note that the method for making adjustments is different for covered vs. noncovered transactions.

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