So, did you file, or, did you do the extension?

Discussion in 'Professional Trading' started by jackpearson, Apr 17, 2012.

  1. Did you file? or do an Extension?
  2. Extension.
  3. Bob111


    no extension, prepared and filed by myself, as usual.everything perfectly matched. with 8949,not 1099-B
  4. Never fails, 2 -3 days after I file I get a K1.This was last week.

    I don't know what I'm doing, not only that I had help. Well we will see what happens. Oh I know - a delay...I love delays and correspondence.I hardly get any real mail these days...:cool:
  5. Extension.

    Not sure what to do with 1099 from Interactive Brokers that is lacking a cost basis number somewhere and makes it look like I made a lot more money than I did. Anyone in the same boat? Disappointed. In previous years I could just print reports out and give them to tax person.

    Do I fix it myself and then different information has been reported to IRS?
  6. BSAM


    Jack, what did you do?
  7. Years ago the rumor was if you filed an extension the odds of being audited were significantly less. I don't know if there is any truth in that or not.