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Substitute 1099-B Statement


Lucho

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If a 1099-B Substitute Statement besides the name and address of the broker company only shows the following investing information: (real same amout in each parenthesis.

----------------------------------------------------------------------------------------Converted Amt.

Box 10.-- Profit/ (Loss) Realized on future contracts in USD for 2011 ($x,xxx.xx)

*** Total Reported for line 10 in USD for 2011..... ($x,xxx.xx)

Box 13.-- Aggregate Profit or (Loss) from lines 10, 11 and 12 ($x,xxx.xx)

Question: Is the fact tha the amounts are shown in parenthesis proof to be considered a loss?

The taxpayer is out of town and I have been unable to contact him.

Any help will be appreciated

Lucho

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