Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1863)	2/20/1999 2:08:00 PM
From: AS Hibbs	Read Replies (2) of 5810

All Profits - Wow, I'm rich! Well, Datek set me a 1099-B. Since I do mostly shorts, nearly every line shows the proceeds from the short sale, but never notes that I had to buy them back. This makes my net profit huge. Since the 1099-B does not show my purchases (only sales), is it safe to assume it is incorrect or do I need to come up with each and every buy myself and append them? Thanks Scott Hibbs

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