Regarding the Zero Hedge locate posting: donât believe everything you read on anonymous blogs, particularly when they are posted (or...
When you sell stock short, you are effectively borrowing. It's not cash, as is the case when purchasing stock on margin, but shares, and the...
This discrepancy is likely the result of the new cost basis reporting rules. Under these rules, the wash sales reported on the 1099 are only to be...
Pardon the typo, that should be short 100 shares and long the SSF.
If the objective is to generate free cash which can then be withdrawn or used to support other trading activities the answer is no as, absent...
These are simply worksheets prepared in a format consistent with Schedule D (in prior years) and Form 8948 (this year). Form 8948 is a new tax...
There are Webinars scheduled which IB customers may register for at no cost and which will go into detail regarding the new cost basis rules and...
Once the Form 8949 becomes available in Account Management (scheduled for by end of day 3/1/12), you will also be provided the ability to download...
The IRS specifies the information which the broker is required to submit and does not allow for the submission of additional information which the...
The IWM is one example of an ETF which is not considered a 'covered' security for 2011 trades but will be treated as such effective 1/1/2012....
The IRS always took the cost basis from individuals as evidence of the gain/loss and Gain/Loss worksheets were never supplied to the IRS (nor will...
What you are likely seeing is the reporting method for transactions which the IRS classifies as 'uncovered' by the new rules (as they are either...
Please understand, the changes to the Form 1099B originate from the IRS, not IB, as we are simply reporting information to you in the manner as...
Not given the recent IRS changes with respect to reporting requirements. Starting this year, the IRS is requiring that brokers report cost...
Not at all. What I am saying is that our forex is substantially different from the traditional forex offerings which SIPC does not cover in that...
If you are located in the U.S. the toll-free number is 1-877-442-2757; direct 1-312-542-6901. A listing of contact numbers for Customer Service...
Any noted by another poster, it is not uncommon for an outside auditor to seek to independently confirm balances held with a broker. In any event,...
IB-UKL accounts are a specific subset of IB-UK accounts which hold physical metals (spot gold & silver) and CFDs. These particular OTC products...
No futures or futures option contract is currently allowed to be carried in a securities account portfolio margining or otherwise (with the...
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