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Re: Ameriprise(H&R Block) misreported clients sales/Purchases to the IRS ( Class action Lawsuit)     20-Oct-09 09:20 pm    
All sales must be reported to the IRS by form 1099. When a short position is still open into the next tax year the tax payer must report the sale on a schedule D and report the buy basis as still open. Therefore it is not taxable. If geithner_ti knew how to report this correctly then he would know that H&R Block Financial Advisors reported all correct. My suggestion, if amateur investors are going to try more sophisticated trading strategies then take those tax issues to professionals to prepare.
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hrb146

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  Subject Author Rating Time of Post (ET)  
 
It appears that from 2006-2008, H&R Block (Now Amerpris...
geithner_ti... (2 Ratings) 31-May-09 10:53 pm  
 
Are you saying Ameriprise did something wrong? I t...
wasupsucka Rate it 13-Jun-09 12:49 am  
 
All sales (gross proceeds) are reported on Form 10...
getacluenow... Rate it 3-Oct-09 12:40 pm  
 
Re: Ameriprise(H&R Block) misreported clients sales/P...
hrb146 Not rated 20-Oct-09 09:20 pm  
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Ameriprise Financial Inc. (AMP)

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