IB 1099 incorrect

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Roger,
I noticed the same thing.  My 1099 statement appears to be incorrect as
well.  Also it appears the numbers they are reporting to the IRS do not take
into account commissions.

The other futures broker accounts that I have used reported 1099 results
after taking into account commissions?  IB does not and not sure why they
would do that.  I am currently questioning them as well?
  ----- Original Message -----
  From: Roger Shepherd
  To: Omega list
  Sent: Thursday, February 26, 2004 9:52 AM
  Subject: IB 1099 incorrect


  Hello Omega,

    Here is a heads up to anyone using Interactive Brokers.
    I  use  them  and  only trade futures. the 1099 that I received from
    them  was  correct  for  the  year but was incorrect as to the split
    before  and  after  5/5/2003.   At  this  point  correspondence with
    customer  service  has  been  unsucessful  in getting them to either
    admit the problem or issue a revised 1099.
    If  you  use  IB you should carefully check the accuracy of the 1099
    you  receive  with  your  own  records  before using it to file your
    taxes.

  --
  Best regards,
   Roger                          mailto:mailrs@xxxxxxxxxx