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Yes, tax reporting is trade date, but my example involves foreign currencies as well. And according to that google search link I had before, for people using the "cash method" for reporting stock transactions, they should evaluate the currency conversion on settlement date, not trade date. As...

Thanks Jack, I did listen to that entire webinar but unfortunately there wasn't much detail on the foreign stock transactions portion of the talk. Nancy says there will be a discrepancy between the 1099B numbers and their mark-to-market daily statements, but she doesn't really explain why...

Not highly probable, but if you did get audited, they might find that you took a loss on your tax return when you weren't supposed to. I'd rather calculate the correct amounts on my return and append a note explaining the difference on the 1099B.

Thanks Jack, I just did some calculations using the closing spot prices listed on the daily statements that IB provides. If I use the closing spot prices from the trade date, it matches what I am reporting on my Form 4797 (mark-to-market accounting). If I use the closing spot prices from the...

I have a question that someone may have the answer to. I bought a Canadian stock and sold it in 2011. On IB's 1099B form, the proceeds are $1,612.92 and the cost basis is $1,323.80. According to my daily statements from IB and by my own calculations, my proceeds should be $1,602.86 and the cost...

This jives with my experiences.

For mark-to-market you don't use Schedule D or Form 8949. You use Part 2 of Form 4797. So, you basically ignore the wash sale information that IB provides you. However, you can use the IB worksheets and 1099Bs as a way to test if your totals are in line with what IB is reporting. I haven't done...

http://www.youtube.com/watch?v=k8-TU3vxrYM#t=2m6s

This still doesn't make sense to me. Are you saying just because of the OS, people will buy things directly from Apple, Google, and Microsoft, rather than going through Amazon? Or are you saying that the OS will have referral links to Amazon and thus the OS gets referral revenue? I am very...

Not sure I follow this line of reasoning. Amazon isn't going anywhere regardless of how operating systems change. I have no position in AMZN, but I fail to see any connection between Windows 8 and how Amazon will perform in the future.

I trade through IB and I usually run my machine about 7 hours a day and haven't had any connections issues. Am running build 918.7. Is it possible your internet provider is blowing chunks?

Well just from personal experience, a few years back I entered a large number in a box on TurboTax and it claimed that it couldn't handle it and I had to upgrade to a more expensive version. That's complete b.s. So I gave TurboTax the finger and moved onto other programs. It's ridiculous.

This is what I love about tax programs. It's like they want you to believe that a computer does not understand values greater than a certain number.

If you are viewing it in Chrome and you are viewing it in the default pdf viewer, move your mouse to the lower right corner of the screen and a toolbar should pop up with stuff you can do with the pdf.

I use Chrome and when I saved the pdf from IB using Google's built-in pdf reader, it created an invalid pdf file. You can disable the built-in reader if you go to "about: plugins".

You should probably use the stand-alone version and not update it until you absolutely have to in order to avoid being a guinea pig.

He tries to play it both ways. When he's wrong he tells you either you were wrong or that he actually got it right even though he didn't. He'll mention some crazy theories and when they don't pan out, he never mentions them again ("$80 stocks go to $120! I know it's hard to believe, but it's...

How often do your strategies change? How much confidence do you have in a system before starting it live? What kind of backtesting do you do? Personally, I think moving into the index trading space (SPY, QQQ, DIA) is a questionable decision. Those indices are highly efficient - the odds of...

Yep, nobody uses Mono! You nailed it! http://www.mono-project.com/Companies_Using_Mono

I would agree with you if the banks the Fed saved were banks in the traditional sense. But they weren't. I think your point is pretty much baseless.