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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (472)8/27/1998 9:29:00 AM
From: Gorak Shep  Read Replies (1) | Respond to of 1383
 
Then NEXT YEAR, I'll show it again, only with the actual covering transaction cost and the resulting gain or loss.

Of course the 1099 for "NEXT YEAR" won't show the sale for this transaction, so should you add an explanation as to why your gross proceeds exceed what your 1099's show?