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Cost Basis Reporting Law: Get the FAQs | iKeepGainsMoney Blog
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Tax Efficient Trading and Investing. Cost Basis Reporting Law: Get the FAQs. Reporting Changes – New Forms 1099-B and 8949. What do I have to report in addition to what my broker provides? What is cost basis? What is the cost basis reporting law and when does it take effect? Why was this legislation enacted? How is cost basis calculated? What are the different lot relief methods for calculating cost basis? How does the wash sale adjustment aspect of the cost basis law work? What is transfer reporting?
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1256 Contracts | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/1256-contracts
Tax Efficient Trading and Investing. How do you determine which options should be treated as 1256 contracts? A 1256 contract is exempt from the wash sale rule with open positions at year end marked to market. Any gain or loss on a 1256 contract is receives the 60/40 LT/ST tax treatment (40% taxed as short term and 60% taxed as long term) and reported on the form 6781 IRS report. The index has to have a minimum of 10 stocks,. The highest percentage holding cannot exceed 30, and. Filed under - Options.
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GainsKeeper User Forum | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/category/gkuser
Tax Efficient Trading and Investing. Raquo; Category » GainsKeeper User Forum. Archive: GainsKeeper User Forum. Jan 04, 2011. Reconciling Schedule D to the 1099B. There are common discrepancies between the 1099B provided by your broker and Schedule D reporting due to what and when your broker reports, options, short sales, corporate actions, and 1256 contracts. Each of these discrepancies is discussed below. Short Sales This is a discrepancy due to timing issues inherent in the nature of a.
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Tax Efficient Trading And Investing | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/category/taxtrading
Tax Efficient Trading and Investing. Raquo; Category » Tax Efficient Trading and Investing. Archive: Tax Efficient Trading and Investing. May 17, 2011. Investors in Mutual Funds Need to Act to Avoid Certain Tax Traps. Jan 04, 2011. Avoid a Wash Sale Catastrophe. Jan 04, 2011. Mark To Market (MTM) Status. If you are an active trader and want to avoid issues with the wash sale rule then you may want to consider seeking a Market to Market (MTM) election as an accounting treatment . Mark to Market status...
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Mark To Market (MTM) Status | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/mark-to-market-mtm-status
Tax Efficient Trading and Investing. Mark To Market (MTM) Status. If you are an active trader and want to avoid issues with the wash sale rule then you may want to consider seeking a Market to Market (MTM) election as an accounting treatment . Mark to Market status allows you to treat your trading gains as ordinary income instead of capital gains. Your trades are no longer subjected to the wash sale. At year end, all positions held are treated as sold using year end market prices. And / or speak with a q...
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Cost Basis Reporting | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/category/cbr
Tax Efficient Trading and Investing. Raquo; Category » Cost Basis Reporting. Archive: Cost Basis Reporting. Jan 04, 2011. New cost basis reporting (CBR) requirements for brokers come into effect at the beginning of 2011. Brokers will need to be able to report the adjusted cost basis of stocks (principally wash sales and corporate actions) acquired and sold after 1/1/2011 on a revised Form 1099B. This may sound like it takes the burden off.
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Options | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/category/options
Tax Efficient Trading and Investing. Raquo; Category » Options. Jan 04, 2012. Cost Basis Reporting Law: Get the FAQs. KEY HIGHLIGHTS: Reporting Changes – New Forms 1099-B and 8949 What do I have to report in addition to what my broker provides? Additional Information: What is cost basis? What is the cost basis reporting law and when does it take effect? Why was this legislation enacted? How is cost basis calculated? Jan 04, 2011. How do you determine which options should be treated as 1256 contracts?
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Reconciling Schedule D to the 1099B | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/reconciling-schedule-d-to-the-1099b
Tax Efficient Trading and Investing. Reconciling Schedule D to the 1099B. There are common discrepancies between the 1099B provided by your broker and Schedule D reporting due to what and when your broker reports, options, short sales, corporate actions, and 1256 contracts. Each of these discrepancies is discussed below. Please feel free to leave any comments you have about reconciling between Schedule D and 1099B. Filed under - GainsKeeper User Forum.
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Avoid a Wash Sale Catastrophe | iKeepGainsMoney Blog
http://www.blog.ikeepgainsmoney.com/avoid-a-wash-sale-catastrophe
Tax Efficient Trading and Investing. Avoid a Wash Sale Catastrophe. Here are a few steps you can take to help ensure that you minimize your tax liability:. 3 Evaluate the holding period of your positions. If you have held a losing security for 11 months, and you are running a ST gain for the year, you may want to sell out of that security before your holding period exceeds one year. If you sell the security before it becomes LT, you can offset some of your ST gains. On 11 Jun 2011.