1099 from broker; know how to split one?

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Updated November 16, 2012

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1099 from broker; know how to split one?

November 16th, 2012, 02:35 PM	#1 (permalink)
HighRise1202 houston Elite Member Experience: Intermediate Platform: nt Posts: 407 since Sep 2010 Thanks Given: 266 Thanks Received: 274	1099 from broker; anyone know how to split one out? I've been trading for myself and two others.

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November 16th, 2012, 02:41 PM

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Big Mike

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Might ask here:

The Tax Thread
I thought we could use a thread devoted to Taxes. This is all things taxes regarding trading.

One example, Advantages/disadvantages for different situations (equities, futures, forex, etc) as well as benefits of filing sole-proprietor vs LLC or as a …

But the general answer is, you assumed all the tax liability unless you are an LLC or Corp (I believe). That said, you could just bill your friends.

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