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Re: been there post# 5688

Sunday, 12/27/2020 7:13:56 PM

Sunday, December 27, 2020 7:13:56 PM

Post# of 6237
Yes you are correct. "cost basis", then "Realized gain/loss."

just make sure it shows January 1, 2020 to current day.

some brokers (Etrade for example) have a "Realized gain/loss" choice, and a "Taxable gain/loss" choice. In which case you would choose "Taxable gain/loss"

TD Ameritrade only has Realized, so that's what you want.


You many want to double check all your sales/proceeds. Gainskeeper can make mistakes.


Unfortunatly, in my case, Gainskeeper got confused. and it's showing I have a several thousand dollar gain in a stock instead of a loss.

It is a weird situation, but it's a stock that did a reverse split, cashing out certain shareholders at $30 (which never happended). Gainskeeper thinks the cash out at $30 happened... when, in fact, it did NOT.

It clearly shows up under my transactions as selling for a big loss, but gainskeeper is ignoring it. WTF??

I have an email in to TD Ameritrade to fix it, but I'm sure they will say they're not responsible for the gainskeeper data.

So the IRS will be getting documention from TD Ameritrade saying I made thousands on a stock, when I really lost $2000 or more.




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