Knowledgebase
Basis Adjustments and 1099 Total
Posted by Henry Gage on 03 December 2009 01:22 AM
Regarding: Basis Adjustments and 1099 Total

The best place to apply a basis adjustment is to a transaction. For example you can open one of the transactions and add a basis adjustment. This is typically applied to opening trades. The 1099 typically shows Sale transactions and is not affected by a basis adjustment.

If the 1099 is not correct the first place we look is the transactions screen with a filter set to...

Mode: All Symbols
View: 1099

That total should match the 1099. If it does not then the difference is between the values reported by the broker in the 1099 and the values delivered in the data. Maybe a trade is missing.

To review the Sales numbers use the following tool: Tools/Reconcile Transactions

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