IRS, Tax related strategies--Traders Message Board

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

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To: WallStBum who wrote (553)	11/12/1998 11:23:00 AM
From: Colin Cody	Read Replies (1) of 1383

WSB, Yes, I agree that's one issue but I had even more serious errors than that. #1 No option trades are listed at all #2 Many brokers do not show the purchases. They only show the sales. #3 Even if they do show the purchases, they don't always match them up to the sales, and if they do match them up they can "mis-match" them. #4 When they do match them up for you, I find other errors. Say a canceled and rebilled trade showing up with the wrong (canceled) ticket amount. These are handled MANUALLY and are subject to errors. I see plenty of errors. The bigger the account the more errors. Someone with say 300 trades in a year?! I wouldn't trust the broker summary to be 100% accurate. Colin

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