E*TRADE IPO ALERT THREAD Message Board

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Technology Stocks : E*TRADE IPO ALERT THREAD

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To: Jim B who wrote (15117)	1/4/2000 9:27:00 AM
From: Scott	of 15145

if you don't use etrade's "tax records"... then what "etrade printouts" do you use that actually are worth anything? maybe the account activities pages that show all your trading transactions? Sorry to clutter this ex-thread with more OT chatter, but let me respond. Under Account Services, there is a link to a generated page called "tax records". This is completely useless. It is incomplete, and often incorrect. Etrade sends you two year end statements (on paper). One is the 1099, showing the proceeds from all sales of securities (but not options). Not sure about mutual funds. The other form shows all of the purchases. Together, these are the basis of your tax computation, with all of the adjustments I mentioned in my previous message. I have actually scanned and OCR'ed the second form to get an accurate listing of the purchases. It is then easy to edit out positions that are still open, and add in purchases made prior to 1999. You should also be able to parse the Account Activity web pages, but those have a lot of miscellaneous noise. The IRS just wants to know how much you made (long and short term), and the cost of those gains. You should really have a tax advisor help you out the first time through. Scott

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