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Mr. Green, My statements show a larger amount of proceeds than on my 1099B so I should be safe on this matter. But I am a little concerned about noncovered securities showing on my 1099B. Will the 4797 form clear these noncovered securities to the IRS so I don't have problems in the future...

Thank you for the quick reply! I've learned a lot from your posts. Unfortunately, my 1099 proceeds do not match my statements. I'll just use my statements no matter what happens since they are 100% accurate.

Hi Mr. Green, If you file taxes with a Section 475 MTM and 4797 Form does your 1099b need to be 100% accurate? Can I just file my taxes using my monthly trading statements and ignore the 1099b altogether? I received a 1099b with erorrs and am waiting for a correction. I daytraded stocks all...

Thank you I just opend new account.

Thank you sprstpd for explaining this. I have one more thing I'm concerned about. When I opened my account with the broker, I opened a joint account with my wife. She is listed as the primary account holder on the account since she has a full time job, which met the requirements for opening...

Hi guys I day traded stocks in 2011 with thousands of transactions. All of my positions were closed the same day they were opened. I never carried a position overnight. I noticed that my 1099 is showing a huge list of noncovered securities and box 6a is checkmarked. Will someone please...

Thank you very much guys for your replies. I'm glad to hear that you all like the ts software. I wish you all a great weekend.

Hi guys I was thinking about opening an account with TS but I don't see any newer reviews about the TS software. I will be day trading stocks only. I would like to know how their execution has been lately and about their software's stability. If you use TS please post the pros and...