Tax Question for Think or Swim [Newbie] - MarketTicker Forums


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User Info	Tax Question for Think or Swim in forum [Newbie]
Procession Posts: 48 Incept: 2007-08-12 Los Angeles	Hi all Think/Penson sends me a statement for profit/loss that I use on my taxes. The profit/loss doesn't consider commissions. I itemize my taxes and had to use the amt. It doesn't look like I can get any kind of a credit or recognition of the commissions. Is this right? Thanks in advance 2011-04-16 12:53:44 Permalink
Genesis Posts: 130798 Incept: 2007-06-26	Uh, which statement? The 1099B? Yes it does - the commission is in the trade taxes and fees. It's there. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2011-04-16 13:31:11 Permalink