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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: The Devil Dog who wrote (6682)	2/6/1998 2:19:00 PM
From: MJR	Read Replies (1) \| Respond to of 16892

OK.. I'm confused. This may be outside the realm of this thread, but maybe not. I just received my Datek 1099-B and am confused on the "Gross Proceeds" column (column #2). An example of my confusion is: On 5/7/97 I bought 100 XYZ at $15.375 (total cost basis=$1537.50) On 5/15/97 I sold 100 XYZ at $15.75 The "Gross Proceeds" column for that trade reports $1564.95 after comms, fees are deducted. [Net gain is 1564.95-1537.50=27.45] Do I report $1564.95 or $27.45 as my Capital Gain on my tax form? My guess is $27.45 is correct, but the note on the bottom of the 1099 says to report the value in the "Gross Proceeds" column on my tax form. Any help is appreciated. Thanks, Mike