IB - 1099 info for futures: commissions included?

Discussion in 'Interactive Brokers' started by trinfo, Mar 25, 2003.

  1. well, you could read what they told me to say that but they never actually answered my question directly. In tax matters I prefer not to have to guess and I get suspicious when a dead simple question gets a tangential reply. I plan on filing that way, so at least we'll all be in the same boat.
     
    #11     Apr 10, 2003
  2. Hopefully you subtracted your commision costs from the
    realized gain/loss figure before putting it on line one of your
    6781 form. Otherwise you are paying more for your taxes this
    year. I have talked to a tax accountant and this is what he has
    advised me to do. Don't take my word for it though, talk to
    a professional tax accountant.
     
    #12     Apr 10, 2003