Problems with IB Monthly Statements

C

chipper338

Has anyone had trouble with the new IB monthly statements. June is the second month of their new format and I feel they are misstating the 'net trade' in the summary. The net trade seems to simply be the values of the trades summed up over the month instead of the Net p/l.

It doesn't make sense to me. Can anyone explain it?

Thanks,
Chip
 
I think the new statement is oriented to dealing with the dreaded "Schedule D" in the American tax system. The Schedule D sums all the trades as I recall (as you described), so that figure could be used as a verification.
 
Hi Mike,
Yes I gave up trying to reconcile IB statements to my records so I just revamped my records.

Enougth time spent on this.. time to move on to making money.

chip
 
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