David Posted April 5, 2009 Report Share Posted April 5, 2009 TP received a 1099-B that looks more like a 1099-MISC format. It isn't the normal broker 1099-B statement. The payer is IKON Global Markets Inc and shows the following: Box 7 Description- RFC Box 8 Profit or (loss) realized in 2008- $(2,964) Box 9 Unrealized profit or (loss) on open contracts- 12/31/07- $133 Box 11 Aggregate profit or (loss)- $(2,831) How, what (which boxes) and where is this information entered? Thanks for your help. Quote Link to comment Share on other sites More sharing options...
JRS Posted April 5, 2009 Report Share Posted April 5, 2009 Ikon is a futures, currency metals commodity broker. It looks like there was a mark to market calculation at year end. I would have the client (or you) go online to their "live chat" and have someone explain the "1099-B" I have dealt with commodity and currency futures but, never seen anything like you describe. Quote Link to comment Share on other sites More sharing options...
NECPA in NEBRASKA Posted April 5, 2009 Report Share Posted April 5, 2009 You are going to need a form 6781. If I remember right, you should be able to figure it out be following the instructions. I do one once a year and pretty much have to read them every year, because I forget. IF you need more help, post later or E-mail me and I'll try to help you. Bonnie Quote Link to comment Share on other sites More sharing options...
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