Yes, my beloved OptionsHouse, destined to become my one stop shop for my brokerage and IRA accounts has just made what has to be the biggest snafu of all time with my account (well when it comes to taxes at any rate…)
They have made an error on my Gains/Losses reports and my Schedule D – completely omitting certain transactions, the two that I have caught already are valued at over $18,000 (one of them from my post on Citi Options Trading 12,440 loss, which isn’t on the Schedule D as its a 2013 loss, but it is not present in any Gains/Loss reports so I’m sure it won’t be there next year.
My job for the next day or two will be to go through my trades and cross reference my Schedule D, luckily its only for 2 years, and in recent months I haven’t been so active in my trading as I explore Passive Investing strategies.
The pain with this task is that partial fills make finding opening trades and closing trades annoying to pair up, the trick is to download your activity into Excel format and color code open and closes. I sorted by Name so I can match the pairs, but then you have to watch out for Buy to Close, Buy to Open, Sell to Open, Sell to Close I started with Citi here and found the following, but there are a lot more to go to make sure these chumps didn’t mess up my filing for 2012 (FY11) or this coming Tax filing for FY12. I’ll walk you through the audit tomorrow.
Those 2 citi trades represent a Capital Loss of $18,510 alone… what worries me is that when I sum all trades which should balance to zero ( or close to it) I get a figure that is $45,000 off from my current portfolio balance.
Thanks OptionHouse!
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