http://greentradertax-traders-assoc...ed-tax-relief-on-irs-cost-basis-reporting-ru/ This thread should be made to stay at the top of this forum & a major spot on the top of the board for all to see.
If you have good record keeping you shouldn't fear an audit. When the IRS gets 100's of 1000's of audit triggers for the same thing they'll quickly realize that something is not right. I am reporting my basis based on what the true basis is. Let the audit begin. It's always fun fighting the IRS, when you're in the right
just pay 1k to get someone else to do your taxes and you won't have to worry about anything. that's what i do.
Thanks Jack for posting the petition. It's getting lots of signatures and we will have an impact! We need 50,000 signatures. Reply to above post. Even when traders hire our CPA firm, we can't fix botched broker-provided 1099-Bs or poorly designed rules. We need to fix this problem at the core and fast.
Mr. Green, You should also shoot a quick email to Etrade, Ameritrade, Schwab, Fidelity, etc, asking if they can distribute the petition to their customers via a link on their site or email. Also, the trader communities such as T3Live.