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


To: Elroy who wrote (5801)4/4/2024 4:22:11 PM
From: Privately  Read Replies (1) | Respond to of 5810
 
Only half joking.

Its amazing how bringing up "I am going to have to see what the IRS thinks about this" can change a company's point of view (haven't tried it on a broker, but maybe).
Also, IRS IS paying serious money for whistleblowers.

Otherwise, maybe you have found the goose that lays golden losses. Maybe you can benefit (if you think it is defensible). Otherwise, you can enter the correct (in your view) treatment on your tax return, which might trip a flag at the IRS. Then you can explain to the IRS why you did what you did and how the broker was wrong.(I strongly suggest you get a tax professional/lawyer to help you with that conversation). what is the worst thing that can happen?

There are lots of quirks out there between brokers and the service. Just have to decide whether you want to take advantage of them (if they are legally defensible).