Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
1999 was my first year of investing. I received the "1999 Consolidated Form 1099" from my on-line broker (Suretrade). In the transactions section, it lists all the sales of stocks I made for the year. However, the only dollar amounts included are the total sale value of each transaction. There's nothing on the CAPITAL GAINS. It looks like I made 100% return on all my stocks!

For example, I have one stock that I bought for a total dollar value of $718, then sold for $912. The form from Suretrade only includes the $912 total sale value, not the $194 of actual capital gain. Is this the way the 1099 form is supposed to work? Or is there a regular form I haven't gotten yet, as opposed to the "Consolidated" form?

Thanks, Ben (bcramer520)
Print the post Back To Top
No. of Recommendations: 0
Is this the way the 1099 form is supposed to work?

Yes. It's up to you to supply the correct cost basis and date, put it in the correct section of Sch. D (short- or long-term), etc.

Hope this helps!
Phooley
Print the post Back To Top