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mmmm...have to disagree that it's not different than previous years..at least-not for me..i have TaxCut 2011 right on front of me and stocks sales reporting procedure looks pretty much same. except for few new check boxes. however-i have no idea how and where to put IB's 1099-B. my IB's 1099-B...

that would work for me. i can import data in excel and pick those ETF's using SQL. would take longer than it use to be,but better than pick and calculate each trade separately

my biggest problem right now is that the numbers from my 1099-B nowhere near PnL numbers that i have from IB's monthly reports. btw-anyone know what to do with #5-"wash sale disallowed"? add to basis? Thank you!

i didn't have this problem in the past. cause there was no covered\uncovered securities. all i did is subtract my PnL from Sch D from proceeds and that would be my basis. plain and simple. not anymore. digging out basis for each transaction on each ET'f for a year-it's quite a bit of work ...

but once again-you do supply IRS with same 1099-B where i have no basis cost. actually-in my case it would be less messy,if you submit Sch D to them from your side

once again-here is an example..IWM traded in and out all day long(not prior 1/1/11)

worksheet should make things a bit easier,but again-it's going to come from me. i can only hope, that IRS will accept that as a proof,cause on other hand-they will have 1099 from IB with zero in basis and 4.5M in proceeds. from this situation i'm pretty sure that there is will be some fight...

Jack-your case is not a problem,cause it's a single case and rules from IRS on this one is very clear. my situation is totally different. i'm talking about trades of most liquid and common ETF's. trades that been opened and closed at same day. obviously on same account .how they ended up in no...

you can say whatever...here is what i have today...copy of my 1099 goes to IRS from IB and me... what i have on it is 4.5M proceeds and nothing in basis. that's in non covered section. IRS then will assume that 4.5M are my profits and will assign appropriate taxes and penalties..all that because...

doing my taxes by myself for at least 10 years i'm completely confused with 2011's 1099-B issued by IB what are non covered securities? i have 4.5M in proceeds,but nothing in cost or other basis. how so? what are covered securities and non covered securities? why short sales are reported...

--------------- "Our goals should be to get gasoline to $2.50 or less so that working families can actually get to work and retired families can travel," Gingrich said at a campaign event in Los Angeles Thursday.-------- to get there you need to stop printing and pissing the money away...

http://www.traderstatus.com/trader.htm http://www.traderstatus.com/entities.htm#benefits you can have some tax savings,if you spread your distributions to your relatives ,who are in lower tax brackets than you are and are members of your LLC. but it's a pain in a**. money ,taxes and...

-----For the purposes of taxes, which would be the better route? I have been told that as an individual trader I may not deduct expenses incurred as part of my trading business such as purchase of a new computer, commissions paid, and etc... unless I apply for trader status with the IRS. But...

can't you get this info thru credit report? at least bank name itself will be there. next step-call or visit this bank's branch

only in America A Bunch of Young Lawyers are Suing Their Law Schools Because They Don't Have Jobs http://finance.yahoo.com/news/bunch-young-lawyers-suing-law-195616601.html

what about batteries?(i understand that if you lease-it's probably not your problem). but if you buy?(the question applies to all hybrid owners). how often you have to replace them,cost,what the maintenance is,etc

what a joke..propaganda machine at it's best- GM records its highest profit ever: $7.6 billion General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. http://news.yahoo.com/gm-records-highest-profit-ever-7-6-billion-123523501.html

turbotax iwas a piece if s**t soft from very beginning. no surprise here. IB probably have nothing to do with this. i still don't understand, why we have to pay for some third party soft to prepare our taxes. why US gvt,pissing away trillions of dollars can't come up with simple soft,available...

fuck this SSD s**t.. buy and use it it,if you like masturbation with recovery tools

just curious-what if it's a joint account? if one can take your money away without any court\dispute\arbitrage or whatever-it sounds like plain robbery to me... unless it says-by signing you agree to this and that.. then-if you fail to pay and you agree with those terms-it all your problem