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In this forum you'll find resources to help out with questions common to individual investors, with links and connections to various educational media throughout the TradeKing site. Have additional questions? Join In! Start a Trader Network forum thread of your own, and get the scoop, from other independent investors already in the game.
Our site is full of resources, like the Education Center, TK All-Star Blogs, Live Events and Webinars, On-Demand Videos, and a full unabridged online version of the Options Playbook.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options.
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TradeKing Client Questions
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TK Client ?'s
What is an Option, anyway?
What is an Option, anyway?
TK Client ?'s
What is the difference between a stock's Bid and Ask prices?
What is the difference between a stock's Bid and Ask prices?
TK Client ?'s
I've heard Tax Laws are in the process of changing since 2011. What's new for tax reporting?
You can find this answer and more here in our new Educational Tax Center.
Starting in 2011, the IRS now requires brokerage firms to report cost basis for positions initiated in "covered securities" for taxable accounts. This change applies to purchases (long positions) and short sales (short positions) initiated after January 1, 2011.
This means a couple of changes for you:
1. The 1099 will now show Gains and Losses for "covered securities"
2. Gains and Losses will now be reported by your brokerage firm to the IRS for "covered securities."
Additional Information
Live Webinar: Your 1099 and Schedule D Questions Answered
FAQs: 2011 Tax Changes
Webinar Recording: Tax Prep for 2011 Tax Year
Download: Tax Webinar slides (pdf)
I've heard Tax Laws are in the process of changing since 2011. What's new for tax reporting?
You can find this answer and more here in our new Educational Tax Center.
Starting in 2011, the IRS now requires brokerage firms to report cost basis for positions initiated in "covered securities" for taxable accounts. This change applies to purchases (long positions) and short sales (short positions) initiated after January 1, 2011.
This means a couple of changes for you:
1. The 1099 will now show Gains and Losses for "covered securities"
2. Gains and Losses will now be reported by your brokerage firm to the IRS for "covered securities."
Additional Information
Live Webinar: Your 1099 and Schedule D Questions Answered
FAQs: 2011 Tax Changes
Webinar Recording: Tax Prep for 2011 Tax Year
Download: Tax Webinar slides (pdf)
Displaying all 4 forum posts
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