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Salvatore: In your example above - Confirm that Sub 2 would be charged $1, not $10. Jack

Salvatore: 1)So the Master, as well as the at fault sub(s) always gets hit if any of the subs fails and the $30 minimum is not made? You show a differential charge of $1 for sub 2. Is that correct or did you drop a 0? 2) To take it to an extreme. A Master and 9 subs. No trades and...

I lifted this from my post in another F&F thread - --------------------------------- In a Friends and family account each sub-account causes a $10 fee to be debited against the advisor account. The account must then produce the number of sub-accounts times $10 to get the fee waived, with...

Tradestation is a programmable trading software, charting, and backtesting package, as well as an order entry system added when they decided to become a broker as well. IB's TWS is basically a trade entry system (with a number of ways to enter trades) and a relatively simple...

I agree about the wash sale rule for traders but ... If you qualify as a "Trader in Securities" you can use "mark-to-market" accounting. There are some rules to this: a) You meet rather vague IRS criteria to be a trader. You can file as a trader when you file your tax return, no earlier...

Total number of entries. It is based on the number of D-1 forms it can generate and track. Looks like the spreadsheet method is the way to go for you. If you use the spreadsheet method pay attention to wash sales. Jack

That's the way it used to be. Last year the IRS stated they wanted all detail. There was much discussion and you might do a search on ET. Another acceptable approach, but you will not be able to file electronically, is to prepare an Excel spreadsheet with the columns laid out in the...

TaxCut from H&R Block can handle 6,120 entries. Will another thousand help? Jack

You remember correctly. Using the forms above you report the 1099 number with the 60/40 split. Jack

Joint Back-Office. Section 220.7(c) of Regulation T authorizes the creation of JBO arrangements. These JBO arrangements permit "a creditor [to] effect or finance transactions of any of its owners if the creditor is a clearing and servicing broker or dealer owned jointly or individually by other...

I bought a Dell E520 (Intel Core 2 Duo) with basic (cheap) built-in graphics chip during a year-end sale. I added a second hard-drive and turned on the built-in hardware-based RAID function (probably costs about the same but I wanted two different HD manufacturers for my RAID array). I also...

Roncer: After four clicks you can view near-realtime confirmations under Report Management. Commisions always seem to be shown though I do not check every trade every day , just the day(s) when I think I have have moved to a different unbundled step. Jack

Bitstream: Perhaps IB has a glitch in their software. Please follow-up in this thread when you get an explanation (and hopefully a refund). Jack

Are you saying: 1) Your account has a credit balance 2) That while you've held the ~400 shares the account has always had a credit balance 3) You have no overnight short positions If so, there is something missing somewhere. Here is the way I understand IB's margin calculations for...

From what I've read so far, any Vista machine for $300 is going to have the absolute minimum RAM for VISTA, 512K. I haven't looked for a $300 model but if you find one consider this - The 512K RAM/VISTA combo would probably put you back to using the hard drive swap file. No real gain...

A black box program is one in which you have no idea of how the trade signals are derived. A gray(grey) box is one in which you are given some idea of how the box produces its signals, e.g., a moving average crossover setup control, triggered by a rate of change that exceeds some figure. The...

Well they missed the 5th. There is a note on the Statements Page: Annual statements for 2006 will be available by end of day February 6, 2007. Jack

Extract from an IB Communique January 26, 2007 2006 Year-End Annual Statement and Tax Information It is that time of year again, and we have made major upgrades to our statement and tax reporting systems that should greatly benefit all of you. Your year-end Annual 2006 statement will be...

I guess we can assume that one or more of the IB employee/supervisor/management types that frequent ET has taken note of this thread and has asked some questions of their programmers/QA staff. Stand by for amended 1099's and Schedule D1's. Even if there are no errors in IB's work, they...

John: The number may or may not be correct. Let's say I sold a Put for $10 on stock X and got a $2.00 premium for the Put. THe stock declined and the Put was exercised. I therefore bought Stock X for $10. The purchase does not show on the D1 unless I sell the stock. I still own the...