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One of my brokers got bought out in 2017, and the 1099 reporting has been an absolute mess. All transactions from before the buyout are missing. To make matters worse, it’s the account where I use options as a strategy, so there are a lot of transactions in that account.

I have sufficient records to manually enter the missing information into TurboTax, but I’d rather wait for the 1099 and just tweak for any errors or missing basis information. Unfortunately, the broker can’t give me a solid answer as to when the corrected 1099 will come out and has already missed two of its own self-imposed deadlines.

As a result, at this point, I’m expecting my wife and I will need an extension to file our 2017 taxes. My best estimate at this point is that we will not owe money for 2017 to the federal government, our home state, or the state where our rental property is located.

Aside from filing the extension request by the deadline, are there any key watch outs I should know about?

Thanks in advance for your help.

Regards,
-Chuck
Inside Value Home Fool
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