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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Colin Cody who wrote (462)1/15/1998 6:10:00 PM
From: VincentTH  Read Replies (1) of 5810
 
Colin, I have a tax question for you:

Around 12/17, SMOD split 2 for 1. On that day, facing Margin call,
I plan to sell 1000 shares at $24 a share, post split, but Fidelity WebExpress would not let me. I then tried to sell the stock via a Trade Representative, but was told that I could not trade that stock on the day the stock was split(!!!!). I sold the stock the next day at $21 thanks to the Asian flu.
To Fidelity's credit, I voiced my complaint, and the $3000 difference was credited to my account on 1/2/98.
Now the problem is that I would like to limit my AGI in 1998 for Roth Conversion. My question:
What should I do in order to report the trade as a 1997 trade? The credit was not reported on my '97 Year End statment.

Thanks In Advance,
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