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I am wondering if I sell a fund which issues a k1 at exactly the same price as it was purchased, will I avoid the k1? My situation is: I sold puts on a fund I did not want to own (which issues a k1), which I expected to expire. In the recent flash-crash, the fund tanked, and I got assigned...

Trying to access my volatility shares k-1 online, I receive the message: "ownership information is incorrect and must be corrected before k-1 can be created." I've never encountered anything like this before. Underneath the message is a list of buy and sell transactions. I assumed there must...

On my TD Ameritrade 1256 contracts section there are three lines that have numbers: 8 - profit or loss realized on closed contracts in 2023 10 - unrealized profit or loss on open contracts 11 - aggregate profit or loss on contracts Though I did have some unrealized profit at the time this form...

thanks! I have one more question, if you can help me. to avoid any IB interest fees on my HK position, is it sufficient for me to hold cash equal to my cost basis? I notice that the amount of HK cash I have right now exceeds the cost basis of my stock, so I'm wondering if I could solve the...

USD is my base currency but I own some stocks on the HK exchange, so I have an HK cash position in my account which is positive. Currently my TOTAL CASH is positive (because of the HK cash position) but my USD cash position negative. Can someone clarify for me, so long as my total cash is...

IB's info page explains that wires initiated before 2pm should arrive before 4pm same day. But what if you initiate the wire after the cut off period? When doing a wire from an IB account initiated in the evening , how long would it normally take to arrive in the other account? Could one expect...

That makes sense - that might also explain why I have small negative currency balances in other currencies that I can't figure out how to make go away. For example I closed out an SGD position and have a -6 SGD balance and I'm not sure how to deal with that. Is there some way to avoid the...

Thanks for your reply. When I try the conversion option , asking it to convert the entire amount of CHF to USD I get the message "There is insufficient CHF funds which may result in a negative cash balance." What does this mean?

My account shows a positive balance of CHF. When I try to do this on trader workstation nothing seems to happen. When I try on the iphone app, I get the message: "Trading CHF.USD Forex for a Model is not supported." I am not sure what this means or what I need to do to close the balance...

Thanks for your reply. So if IB automatically opens that currency position when I open a position in a foreign stock, what is the consequence of my closing that position? Are there pros and cons of not holding the currency position? Ok, so I am looking at the base currency to see my margin...

I'm trying to determine the current amount I am borrowing on margin using the iphone trading app and find myself getting really confused by the cash balances section at the bottom. I am not currently trading any currencies but I do have negative and positive cash balances in various foreign...

In my IB account I have one of the Chinese stocks that was sanctioned by the US government: China Telecom. After the sanctions it was transferred to the Hong Kong exchange and now appears in my account as 728. Supposedly the sanctions were against buying the stock, not selling it, and the last...

Good point about the foreign account. I'd need to open a fidelity account - I have a Vanguard account but notice their money market fund VMFXXX seems, at the moment, to be earning 2.27% a year - half of fidelity! Browsing the web I just discovered a bank called ufbdirect. Says they pay 5.02%...

What is the best account for earning the highest interest rate on cash one does not want to put at risk in the market? I heard someone say if you get the right account you can earn as high as 7% on cash - but not sure what sort of account this is. I have also heard banks in Ecuador pay very...

Looking at my most recent statement I noticed a $10 charge for "US Securities Snapshot and Futures Value Bundle Non-Professional." My understanding was this fee should be waived given my account value; is the fee no longer waived now, based on account value, or did something change that could...

For the first time Turbotax has told me that though my taxes have been filed I need to print out form 8453. This form is titled "US individual income tax transmittal for an IRS e-file return" There is a box checked on the form that says "Form 8949, sales and dispositions of capital assets, if...

I have some crypto gains from webull and they do provide a form, but it is unclear to me what to do with this form. I am using turbotax. Am I able to report crypto gains in the same way as FX gains, as a lump sum under Misc Income or do special rules apply? Thanks for your help.

I have several transaction listed on my 1099 under "undetermined term transactions for noncovered tax lots" from the Grayscale ETCG fund, which show proceeds, but 0 quantity for each transaction. I consulted my broker about these transactions and was told I wasn't responsible for them. The...

Great - that's what I thought, but wanted to make sure with the super volatile market action lately. thanks for your reply.

sorry, thought this was the interactive brokers forum - I'm referring to the IB iphone app