Short Sellers Should Not Rely On Brokers For IRS Reporting (Recording)

28 Sep

Sep 28, 2016 at 4:15 pm EST

Traders are on their own when it comes to tax compliance for short sales. Brokers don’t report constructive sales on appreciated financial positions on 1099-Bs, and many miscategorize stock borrowing fees as interest expenses.

Join trader tax expert Robert A. Green, CPA as he explains complicated tax rules for short sale transactions and expenses:

– Short sales against the box.
– Constructive sales on appreciated positions.
– Special rules for short-term vs. long-term capital gains and losses.
– Using tax compliant software.
– Dividends and “payments in lieu” of dividends.
– Stock borrow fees vs. interest expenses.
– Investors face limitations on deductions.
– Traders with trader tax status & Section 475 bypass short sale problems.
– Tax compliance tips and examples.

Testimonials

Dear Deborah (King), Now that I’ve had the time, this year, to review your work in more detail, I can better appreciate the effort and thought you’ve been putting into our tax returns all these years.  You’ve really been doing your best for us, and it certainly shows in this year’s return.  I sincerely thank you. Our thanks and my very best wishes to you, always,

JE

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