2012 Year End 1099B

[S T]

I have a taxpayers year end report from Scott Trade - Clenit exercises options

Report only shows Gross Proceeds for one exercise (Purchase/Sell) on a Form 1099B,

But then, in the Details, I have multiple purchase, sell (as in puts/calls) anything I need to report for these - I am thinking I have to still report loss/gain, but the Scott Trade Account is not providing all of the info? I guess from some quick reading Scott Trade does not have a reporting requirement to assist us ???

Any direction or words of advice??

Thanks

Sandy

[buzzardbreath]

Options Not Included

I have a client that consistently is active with puts, calls, options, etc.

The transactions have not recorded on a 1099-B in the past. We have always had to dig through statements to report correctly.

Not sure about 2013.

[ATSMAN]

Get the Excel Spreadsheet

Scottrade has the ability to export all the transactions in the 1099-B to an excel spreadsheet for Sch D purpose.

If your client can get that, or allow you to get that from their site would be extremely helpful.

I have 2 clients that use Scottrade and these guys are basically day traders. Both provide me the excel spreadsheet that I format the columns for my tax software and i am done.