Search results

  1. G

    BitCoin - Intellectual Fraud or a Stunning Idea??

    It's not illegal now because the market is too small yet. Eventually the government would want to take charge. If it can not be regulated then it might well be banned.
  2. G

    BitCoin - Intellectual Fraud or a Stunning Idea??

    US Dollars are used in legitimate businesses as well. No so if bitcoins become illegal to conduct business with.
  3. G

    BitCoin - Intellectual Fraud or a Stunning Idea??

    Surprisingly there is a demand for the supply of mathematically generated units.
  4. G

    Bitcoin thread anyone?

    What goes up must go down.
  5. G

    Need Help with IB taxes on Turbotax

    You should enter into TurboTax information exactly as on 1099-B as this information was reported to the IRS. 8949 was not reported to the IRS so you don't have to copy it exactly from IB into TurboTax.
  6. G

    Intrade shuts down for good

    http://theweek.com/article/index/241158/who-or-what-killed-intrade
  7. G

    What margin for this position?

    Margin req for a spread should be it's maximum loss. No matter how fancy it is. http://individuals.interactivebrokers.com/en/index.php?f=marginnew&p=opt (Select call spread or put spread) One more thing: broker does not need you to allocate more cash than spread's maximum loss to be safe...
  8. G

    What margin for this position?

    What is maximum loss for this position?
  9. G

    IB form 8949 doesn't match Total P/L for 2012 Statement Period

    But what's there to audit if totals are correct and match my details which again I should prepare myself using my personal records? According to you taxpayer is one and only correct provider of the data to the irs, so what they are going to reconcile? Me with myself? And people aren't obligated...
  10. G

    December trading, Wash Sales Rule

    This is more to do with whether position is at profit or loss, not long or short.
  11. G

    December trading, Wash Sales Rule

    True. Closing all your losing positions only should be enough.
  12. G

    IB form 8949 doesn't match Total P/L for 2012 Statement Period

    My accountant always typed in totals into his software and that never was a problem. But if let's say the IRS does not trust your totals so how sending them every transaction would be any better and more trustworthy? Is it hard to fudge the details to match the totals? I would say it's not.
  13. G

    IB form 8949 doesn't match Total P/L for 2012 Statement Period

    Just keep the details for your record, in case someone wants to see them. Show your totals reported to IRS on the detailed form.
  14. G

    IB form 8949 doesn't match Total P/L for 2012 Statement Period

    Simply report the total amounts.
  15. G

    Site Problems this Morning.

    Does the new version have new added functionality?
  16. G

    How many contracts is too many concerning SPX liquidity?

    You will get the fills on all your market orders. Try thinkBack of TOS to see what were bid/ask spreads back then.
  17. G

    How many contracts is too many concerning SPX liquidity?

    It should be no problem to fill market orders, only bid/ask spreads that might be an issue.
  18. G

    Tax prep options

    True, totals for each broker should do fine.
  19. G

    Looking for a Developer/Programmer to create a program for mutual use.

    Did you test your system with real money?
  20. G

    This rally is ridiculous - Black Monday

    You've got the message.
Back
Top