No. of Recommendations: 0
Thank you TMFTaxes Roy
"You must have missed the Taxes FAQ"
No I read it and it said that one needs written
confirmation. American Express provides written
confirmation it is just not sent in the mail but
is on their web site.
Example from their written confirmation on
their web page:
Symbol Quantity Days Held Date Acquired Date Sold Cost Basis Sales Price Gain/Loss
CTAS 300 65 03/29/00 06/02/00 8,037.00 14,343.75 6,306.75
CRA 50 81 03/31/00 06/20/00 4,965.63 6,778.13 1,812.50
Because this cannot be changed by the user
and it is written at the time of the sell
it adheres to the rules as outlined in the
tax code. It is not simply "just something
in a "gain/loss worksheet"."
It is certainly better then a note from
a broker as it is real. Any personal broker
would give a good client what ever they want
but this system is automatic and is not
subject to a personal relationship.