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Frontline Ltd. Message Board

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  • elkman12 elkman12 Apr 4, 2007 7:07 PM Flag

    1099 screw up

    Just asked my CPA today there is 120 day rule. Not 60 day as I thought. She explained it all after I showed her the print out from FTO. Scottrade did not give return on capital. No stock company is probably sharp enough to understand the 120 day rule. This year $24 will be cost base for SFL. She said in a couple months I may get another corrected 1099. $ amount will be small so we went with what we have. Just goes to show the stock brokerages are not doing a proper job. Hope next year they do better for It will mean a lot more money.

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