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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Greg Peckton who wrote (339)12/28/1997 11:34:00 PM
From: Colin Cody  Read Replies (1) of 5810
 
You should contact your Brokerages now and request COPIES of EVERY MONTHLY STATEMENT. You may be charged a fee for this extra service.
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You then generally must report each individual "sell" and the related "buy" on Schedule D. You then need to reconcile to your Brokers' 1099 statements for the STOCK sales. The OPTION transactions will not be reported to you again by brokers on form 1099.
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If certain options EXPIRED you need to know the DATE of expiration to report it as a "sale" for "zero" on that date.
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CA Resident follows Federal for those months you WERE a CA resident. You'll need to do a PART-YEAR CA return and follow the CA instructions for reporting purposes. Call CA 800-338-0505 or 800-852-5711 in a couple weeks to get a forms package.
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Colin
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