| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 153.1 | Absolutely | MILPND::LOPATIN | Bruce Lopatin 223-5459 | Fri Apr 10 1992 13:40 | 2 |
| Your broker should have supplied you with that information, however, it's
still your responsibility to report it on Schedule D.
|
| 153.2 | no 1099 for options | SCAACT::MANN | | Fri Apr 10 1992 15:34 | 6 |
| My broker (WS) told me they are not reqired to report options
trade to IRS. In the previous years, the options trades were
included on 1099. I waa just wondering the total figures on
schedule D will be higher than what is reported to IRS.
Jessie
|
| 153.3 | They changed the rules...again!!! | MCIS1::PIACENZA | | Mon Apr 13 1992 09:13 | 6 |
| I attached a note to schedule D explaining the difference and my
broker's ( stockcross ) statement that they no longer are required
to include options traded on the 1099.
Tom
|
| 153.4 | In fact, you don't need the 1099 total any more | STAR::PARKE | True Engineers Combat Obfuscation | Mon Apr 13 1992 14:29 | 9 |
| There is no longer a box on this years schedule D for the
total of all 1099s. I got quite a start, looking for it, on the
Tax Cut screen. I looked in the federal 1040 book then, and it
was all gone. (I guess they got computerized and learned how to
add for themslves }8-)} )
Bill
|
| 153.5 | is there a check? | YNGSTR::BROWN | | Mon Apr 13 1992 17:22 | 7 |
| Does anybody know if the option trading net proceeds or gains are
reported to the IRS at all? It's weird that nothing would be in
place to verify that somebody pays taxes on big gains from options,
yet a 26 cent DCU dividend has a 1099 reported. Unless a full
audit that examined the complete trading records from the broker
were done, the IRS would never know? Seems conducive to cheating...
-kb
|