1099 B

Forum|Forum|6 years ago
March 16, 2020
1 reply
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I received my 2019 1099 form from my stock broker, at the first page, in the section 1256 contracts 1099B line 8 profit or loss realized in 2019 on closed contract is a negative number, but at the first page in summary of proceeds,gains losses,adjustment withholding, the net gain is a positive number, what is difference between these 2 numbers? one number is negative, one number is positive, did i make money in 2019 or lose money in 2019?

DavidD66

Level 15

It's hard to say for sure, without being able to see your statement, but it sounds like you lost money on contracts that have been closed, but when you include unrealized gains on open contracts that have to be reported for tax purposes, you have a net gain. You should consult your broker/dealer, as I am just speculating based on your description.

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tamaratreichelAuthor

Level 2

please see photo attached, why 2 numbers one is positive one is negative, what is difference between those 2 numbers?

DavidD66

Level 15

It is likely that there are other transactions other than Section 1256 in the summary of proceeds, gains, and losses. As I suggested earlier, you should call your broker.

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