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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: At_The_Ask who wrote (1362)3/31/2003 9:43:02 PM
From: Dan Duchardt  Read Replies (1) of 1383
 
Commissions are part of the cost basis of your trade. If your broker includes commissions on the 1099 as added to the cost to buy and subtracted from the receipt when you sell, just use the numbers on the 1099. If not, add the commissions for both buy and sell to the cost basis of what you bought and use the sell price on the 1099 for your sells. That way your sales figures will always match the 1099 report.
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