If you traded futures, and had one or more futures positions open at the end of the tax year, and you had a non-zero P/L on those open positions,...
Nope. I called IRS. IRS officially refuses to discuss any question pertaining to futures contracts or other Sec 1256 instruments, which IRS...
I'm aware of no evidence, nor even the slightest hint that there is any connection between the problem with futures trade reporting on my broker's...
Our 1099-B includes one section for the Sec. 1256 instruments we traded, and also separate sections for stocks we traded.
tiddlywinks, did you notice that the expert authors, to whom you link, argue strongly that accuracy of 1099-B forms does matter, and that this...
Let me also ask if anybody has seen has had a case opposite to the one in the above-quoted question. Did anyone, with futures or other Sec. 1256...
I didn't share the broker's name, because I don't wish to provoke the broker to close the account. Sorry.
Did anyone else, with futures or other $1256 positions, still open at year's end, with a non-zero P/L for those open positions, receive a 1099-B...
THANK YOU, mervyn, for paying attention! Yes! We had a futures position still open, at year's end, with a non-zero P/L, so that I believe Box 10,...
tiddlywinks makes incorrect assumptions about straddles in our account. I also fail to see any relevance, of his assumptions, to this thread's...
gkishot, are you saying that you don't understand why I think my broker provided an incorrect 1099-B, or are you saying that you don't understand...
No, you misunderstand the problem with boxes 8, 10, and 11. I believe Box 8 should show P/L on ONLY the closed trades, Box 10 should show MTM P/L...
I think the question will probably be too obscure to get an answer this way, but I think it is worth a try, so I do plan to try it, and thank you...
I disagree with Overnight. I believe it would not be at all prudent to go along with an incorrect 1099-B. I think it would be prudent, #1, to make...
I don't want to risk the relationship with the broker, by naming the broker. Sorry.
Let's recognize that we have two issues: Issue #1, raised by me: "Is the broker's 1099-B correct for my account?" Issue #2, raised by gkishot:...
Yes, all positions were opened in 2022, and only one was carried into 2023. I think that because of the loss on the one position carried into...
I'm real sorry about this, but the version of my last post, which gkishot just quoted, was subsequently edited by me, to remove mistakes and to...
First, let's just keep things simple by ignoring Box 9 on Form 1099-B, because it is correctly reported as zero for us this year, and because...
We had an open futures position, with a large unrealized loss, at the end of 2022. My understanding, from IRS Form 1099-B instructions, is that...
Separate names with a comma.