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  1. J

    Taxes at IB

    John: In reading my post I note I made a mistake in what I posted . To clarify, here is the bottom of an IB provided Sched D1, Short-term - Sub Totals. Net proceeds for stocks, bonds and T-bills. 12,559,846.02 ---------179,877.86 2 Totals. Add the amounts in column (d). Also...
  2. J

    Taxes at IB

    Ron: IB has Schedule D1's prepared for you this year. Open up your account management page. There is a "Tax Forms" line you can click on. You can see how many pages you'll need to print this year. For reasons known only to IB they only have a "View Form" capability, no download...
  3. J

    Hidden Fees in IB

    Whoops - I messed up. It is $30 per month in commissions to have the $10 monthly fee waived. However, since almost every variation of how to get to $10 a month known to man has been posted after my simple explanation I'm not going to repost the examples for $30. If a potential IB...
  4. J

    Hidden Fees in IB

    Jim: You and I would agree. But that is rather subjective. I tried to stick to the objective things that could be "measured/quantified". Jack
  5. J

    Hidden Fees in IB

    Price of stock does not matter. 100 shares = $1.00 200 shares = $1.00 500 shares = $2.50 1000 shares = $5.00 2000 shares = $10.00 There are no other fees added such as the SEC fee. I'd look at what I traded for the last six months. If you traded 10 times or more per month ( 5...
  6. J

    Hidden Fees in IB

    As long as you use IB's "bundled" rates for stocks the $.005 ( 1/2 cent per share) is all you will pay including SEC fees. Known as an "all-in" rate. Most firms tack on extras like the SEC fee. If you trade <200 shares you will pay the $1.00 transaction minimum. If you do 10 trades per...
  7. J

    Tax Chat Today

    Try this. It is even better: http://www.irs.gov/efile/article/0,,id=118986,00.html Of course, it depends on your final AGI. (see link) Jack
  8. J

    Court Rules: Charged anew 11,000% of comm. fees for 1900 trades, and 570% Comm. Fee

    And now that it is over - Who was the broker?
  9. J

    Anyone experiencing IB TWS login problems this weekend?

    Monday-Friday 24 hours, Mon 00:20 – Fri 23:45 EST Saturday Not available Sunday Starting 12:00 EST Reset times 23:50 – 03:00 EST* 03:59 – 05:00 HKT* The unavailable times shown Monday to Friday are the reset periods. The actual downtime varies during that period...
  10. J

    What is the best tax software for day traders?

    First off - I use Trade Log. It is a good program and they keep up with the changes the more commonly used brokers make to the statements. Makes importing fast and accurate. Handles wash sales very nicely. I'd suggest you search ET for "mark to market". In general, if you did not state...
  11. J

    general tax question (quite noob, yes)

    It is not exactly an add all the gains, subtract all the losses exercise. There is the Wash Sale rule: Wash Sales You cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or securities at a loss and within 30...
  12. J

    IBD top 10 psychology.

    In your Excel attachments. Suggest you add columns to show percentage change in volume for the average as well as the numeric change. It makes it easier to understand what is happening without have to know (or look up) the average volume. Jack
  13. J

    Any Troubles with IB TWS 865?

    Log on to the IB web site. Go to the Software pulldown. Go to TWS. When the TWS selections are open scroll down the page and you'll see a download choice called "Windows Previous" It is currently version 864. Click. It will download a setup for the previous version. Jack
  14. J

    IB: there is a problem with cancellations near the close.

    What did the TWS audit log on your machine show? Did IB ask you to send it to them? Jack
  15. J

    Odd Lots on Nasdaq with IB

    This may or may not be germane - I read somewhere that the large institutions use bots to get in and out of large positions. The bots look at volume and predict the anticipated volume in the next few minutes. The bot then adjusts the buy/sell size of its orders such that the orders should...
  16. J

    Are trades in an IRA reported? (EVER?)

    Her is an extract from the IB site. I think it makes things pretty clear. I've added some bolding inside the quote. Hope that helps. Jack
  17. J

    Frosty's auto-trading bot goes live with REAL money

    Steve: Not everyone has tons of experience, and/or targeted training, and/or read every book, good or bad, on trading system design, statistics, etc., etc. If you can get through the twerps and twits who occasionally jump into a thread, ET is a great learning resource. I think Frosty is...
  18. J

    IB Security Alert EMail

    It is not a new initiative. They have had this capability for some time but they probably decided to call attention to it due to the recently publicized account hijackings. It may be clunky, but it is very secure. Odds of a failure are pretty low. Odds of my misplacing the crypto key...
  19. J

    Penny options with IB: Results?

    As tef8 has never responded to some questions about other possible explanations to the problem and he/she also stated that IB had never made good on tef8's other problems, I'd go with operator error. Jack
  20. J

    Penny options with IB: Results?

    What was the Bid/Ask spread at the time you placed the order?? I assume it was in the $2.60/$2.70 range. Seems to me it must have been moving a lot for you to have gotten a fill at $2.40. Even if you did mistakenly enter $2.40 as the limit, IB's Smart routing should have gotten you executed...
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