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Old 10-04-2011, 11:52 AM
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Join Date: Oct 2011
Posts: 1
Gainskeeper and 1099-B Proceeds do not match

TD Ameritrade provides an official 1099-B and a "Realized Gain/Loss Report" from Gainskeeper.

However, the adjusted proceeds on my 1099 (126,496) does not match the adjusted proceeds provided by the gain/loss report (121,934).

They provide a report where they reconcile the differences as shown below:

Category
Gainskeeper
1099-B
Summary
Gainskeeper
Realized
Gainskeeper
Gain/Loss
Short-sells before 2010,
Covered in 2010

13,741
-929
Short-sells in 2010,
Covered in 2010
65,333
65,333
409
Sells in 2010
42,860
42,860
-90
Short-sells in 2010,
Not covered
18,303

0
Total
126,496
121,934
-609

The first number in the "Total" row is the proceeds on the 1099-B that TD Ameritrade reported to the IRS. But part of the proceeds are "short-sells in 2010, not covered". If they're not covered yet, how can the proceeds be known?

What should I do?



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