https://finance.yahoo.com/news/trading-powerhouses-join-exchanges-fighting-165906308.html I noticed the above article has been updated with a few...
I believe the way it's written the tax would be on on any person OR entity that processes 10,000 or more financial transactions in the state. That...
Hearing some speculation that the NJ bill could indeed be a tax of 0.0025 per share traded. It seems as though a transaction might be considered...
Trading Powerhouses Join Exchanges In Fighting New Jersey Tax Plan:...
It's not just the NYSE that is threatening to leave: https://finance.yahoo.com/news/trading-powerhouses-join-exchanges-fighting-165906308.html...
So here is some more color on the NJ tax on transactions with some eye popping #'s. Murphy Envisions NJ Trade Tax For Social Justice Agenda:...
This is taken right from the tax bill: "There are reportedly billions of financial transactions processed daily, and many of those are processed...
Here is some more color (confusion, lol) I dug up on the the bill. In the original bloomberg article I linked to on yahoo:...
Honestly I'm not sure how we are supposed to interpret the tax. I was just going by what the tax foundation article says at a rate of $2.50 per...
Looks like New Jersey wants to tax trades processes in it's state and some in New York state want to bring back the state's Stock Transfer Tax....
Well it sounds like New Jersey Gov. Murphy is very seriously considering taxing high volume trades that are processed in the state (as most stock...
Looks like NJ want to get it on this FTT action as well albeit with a different twist:...
So in turn does your CPA print it out and send it in or file electronically? Seems like everyone does it a little differently.
So you just print out the cosolidated pdf and send that in? I guess it could do that but my 1099B is pretty damn long. I guess no different than...
So they had you list every trade on form 4797? Thousands of them. It seems like some people here are filing without listing trades while others do...
So the IRS hasn't ever inquired about not reporting every single trade? I just worry about them questioning why all the trades arn't being listed....
So are you taking the year end totals off of the 1099B - the gross cost and sales #'s? Also did Green list every trade that you did on form 4797...
Since I'm mark to market my trades go on form 4797. Do you know if Turbo Tax will populate trade on form 4797? -Guru
So are you saying you don't list all your individual trades? Just the bottom line number? Are other M2M form 4797 traders not listing all their...
I'm curious how other mark to market stock traders here are handling reporting their trades on form 4797. Is it really necessary to list the...
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