ILLMAS Posted July 25, 2012 Report Posted July 25, 2012 It seems the IRS finally starting to go after currency exchange "cash" customers, has anyone dealt with a case before? Quote
kcjenkins Posted July 30, 2012 Report Posted July 30, 2012 No, I'm happy to say I have not had to deal with that one. Good luck. Quote
Kea Posted July 30, 2012 Report Posted July 30, 2012 Yes, I've had a small handful. On this topic, I have a client who received 3 1099Bs with info for lines 10 - 14 (for straddles and futures trades). There was also info on one of the 1099Bs for futures that were not included in the Line 10 total. I orignally listed this as a separate line item. But that takes me to 4 lines and the software says it can't be e-filed. I plan to add in the info for the non-1099-reported sales with to the line 10 / 13 totals. That will actually give me a lower number (since they were loses). Will that cause any processing problems? (I really don't want to have to paper file.) Thanks Quote
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