Recent content by young_economist

I understand they send in the proceeds. My confusion lies in the fact that as a whole I lost money on the year and had no income. I looked at my 1099 from etrade which is where I transferred my account to mid year and they have listed the losses and proceeds and says in caps NO REPORTABLE...

Hello, I recently received my 1099 statement from my broker and I had a question. It has my gross proceeds as $20,522.33 which i understand is the sum of all the trades of the year. I funded the account with $2,500 in Jan. 07, I ended the year with $133.43. So I lost $2366.57 on the year...