IB Tax Form Information - 2012 Filing

Discussion in 'Retail Brokers' started by JackR, Dec 15, 2012.

  1. JackR

    JackR

    Well it's getting close to that time again. IB has created a new set of web pages about the forms they will provide. Here's a link to the schedule. http://www.interactivebrokers.com/en/index.php?f=tax&p=explain

    Also take a look at http://www.interactivebrokers.com/en/index.php?f=tax&p=US2 These extracts from the TurboTax section are especially interesting:
    {snip} TurboTax TXF Format {snip]}. Note that there is a limit of 3,000 transactions using this format.
    ....
    Note: Currently, TurboTax only supports covered securities wash sale adjustments and not other adjustments. Accounts with non-supported adjustments will be unable to download the Form 8949 Worksheet in TXF format.


    Jack