Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
2009 is the first year I traded futures exclusively. I'm curious about how to handle the 1099-b. Since there is no number in box 2 (proceeds) in the 1099-b (did not sell any stock), I'm not sure what to enter in my tax software. The 1099-b I received only lists a number in box 8 (Profit or loss realized in 2009) and in box 11 (Aggregate profit or loss) Do I just enter the Aggregate number and put the cost basis as 0? Do you guys enter each and every trade in the tax software?
Can you help answer these questions from other members on NexusFi?
Since this is the first time you are doing it, I would strongly suggest to see a CPA. There are very knowledgable and helpful people on here, but do you really want to file your taxes based on what some guy on an internet forum told you?
Most likely the best advice. It just grinds me that something that should be simple like "what was your profit? pay these taxes", is instead made difficult by what seems like intentional obfuscation.
I was just looking for some guidance, like "look into form 6781".
