Posted by: biology August 14, 2011
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anon,
I got my 1099. I went through the document and it shows I made certain transactions in 2009. However, it does not have info such as my initial balance, end balance, profit/loss. I guess i was expecting something showing my end balance sheet. Can I just send 1099 with schedule D form? if I do, it is same information IRS provided me indicating that I owe tax for certain amount while in reality I lost money. I am little confused here. I appreciate your suggestion.
Thanks.
I got my 1099. I went through the document and it shows I made certain transactions in 2009. However, it does not have info such as my initial balance, end balance, profit/loss. I guess i was expecting something showing my end balance sheet. Can I just send 1099 with schedule D form? if I do, it is same information IRS provided me indicating that I owe tax for certain amount while in reality I lost money. I am little confused here. I appreciate your suggestion.
Thanks.