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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Will Lyons who wrote (2346)	10/28/1999 11:53:00 PM
From: Colin Cody	Read Replies (2) \| Respond to of 5810

The IRS requires SALES of securities (not options) only. As to matching up, some brokers do, some do not. Some charge a fee of maybe $300 to do it, others do it for everyone. I would not rely 100% on any such report without proving it myself. I generally find errors in these reports. Particularly with option sales, covered call option writing, wash sales, trades that carry over from one year to the next, trades that had a "problem" or were handled specially, canceled trades, rebilled trades, manually adjusted tickets, splits, warrant exercises, unit breakups, buyouts and mergers, aftermarket trades and so on... Colin