Forums - Coastal Trade K-1's

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Direct-Access Brokers ›› Prop Firms ›› Coastal Trade K-1's

Rocco11

Registered: Jun 2011
Posts: 17

07-12-12 03:54 PM

Are there any traders on here that traded at Coastal Trade Securities in 2011? They have not provided K-1's to their prop traders for 2011 tax year and they keep delaying the release. Just wondering if anyone has received them. As you can guess, everyone is quite worried what is going on and we are not getting answers. Any info or input would be appreciated

Edit/Delete • Quote • Complain

Rocco11

Registered: Jun 2011
Posts: 17

07-12-12 07:53 PM

I guess I should just ask for advice from anyone that has ever dealt with this problem. This is new for me so if anyone had past experiences dealing with/handling issues with K-1's, it would be appreciated

Edit/Delete • Quote • Complain

bears21

Registered: Jan 2007
Posts: 195

07-13-12 05:23 AM

I trade with them and I was told they would be going out Friday. Very annoying as this is holding me up for filing my taxes. My extension is up in October, technically they have to September to send them out cause it's a k1 if it was a 1099 it would have to gone out by January 31st.

Edit/Delete • Quote • Complain

mastertrader456

Registered: Aug 2011
Posts: 175

07-13-12 06:56 AM

They are not required to send out the finalized K-1s until september by irs rules. But in my experience the better firms will have it to you by tax time or at least an unofficial K-1. It is totally normal and standard for them to wait until September. Pay what you think you owe and just file an extension. Im waiting on mine also. To get the K-1's out in time takes a substantial amount of time and money that you would end up paying for. When I traded with Assent LLC my K-1 came Sept 1st.

Edit/Delete • Quote • Complain

Rocco11

Registered: Jun 2011
Posts: 17

07-13-12 03:42 PM

Thanks very much for the feedback. Last year we received them on time so the delay definitely had me concerned. I appreciate the info as you have helped alleviate a lot of concern. Thanks again

Edit/Delete • Quote • Complain

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider