maglib
Level 10

Get your taxes done using TurboTax

actually brokers often do not report this correctly.....  I know Fidelity does not and TD does not, I am not normally a ST trader but, I know my ST trades over ex-div dates have been misreported often.  they also do not program for hedges and options that may exist in other accounts..  IRS is not known to look at this area.  It would be insignificant for most other than for larger day traders and options traders as it's just the difference in tax rates.  Another broker misclassification is dividends that should be appropriately interest on cash balance that we are supposed to adjust that IRS also normally ignores.
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I am NOT an expert and you should confirm with a tax expert.