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etrade/MS 1099 is completely fucked up to my benefit

according to my running notes of sales i made 42k short term...
hairless orange home
  04/09/24
Had a similar but smaller amount screw up w/ MooMoo (lol). ...
stimulating dull space
  04/09/24
right, even if i get audited they're going to use the 1099 n...
hairless orange home
  04/09/24
Probably. Small chance E-Trade issues a corrected 1099 and ...
stimulating dull space
  04/09/24
ah i see. so etrade was bought by ms mid year. i receive...
hairless orange home
  04/09/24
that is super late, I got both my etrade and MS/etrade CORR'...
stimulating dull space
  04/09/24
Don’t be a boomer waiting around for the mail. They po...
clear passionate really tough guy
  04/09/24
i know that's where i got them. there are three there - firs...
hairless orange home
  04/09/24
bump. pretty wild bros, not only do i not owe ~$9k in taxes ...
hairless orange home
  04/09/24


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Date: April 9th, 2024 6:52 PM
Author: hairless orange home

according to my running notes of sales i made 42k short term gains last year. according to MS/etrade i lost 100k. what do i do?

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47568850)



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Date: April 9th, 2024 6:56 PM
Author: stimulating dull space

Had a similar but smaller amount screw up w/ MooMoo (lol). But if the 1099-b says so, what are the chances you are audited?

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47568866)



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Date: April 9th, 2024 6:57 PM
Author: hairless orange home

right, even if i get audited they're going to use the 1099 no? they're not going to look behind etrades data, it's all they have.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47568867)



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Date: April 9th, 2024 7:00 PM
Author: stimulating dull space

Probably. Small chance E-Trade issues a corrected 1099 and you'll get hit with penalties and interest.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47568872)



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Date: April 9th, 2024 7:02 PM
Author: hairless orange home

ah i see.

so etrade was bought by ms mid year. i received a 1099 from each of them. i received a corrected 1099 for the etrade one back in march, but i have not received a corrected 1099 for MS, which is the fucked up one.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47568879)



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Date: April 9th, 2024 7:49 PM
Author: stimulating dull space

that is super late, I got both my etrade and MS/etrade CORR's (yeah I'm a BOOMER too) by March 15th. I wouldn't risk that much money tbh.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47569016)



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Date: April 9th, 2024 8:22 PM
Author: clear passionate really tough guy

Don’t be a boomer waiting around for the mail. They post these online in your account now

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47569141)



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Date: April 9th, 2024 8:23 PM
Author: hairless orange home

i know that's where i got them. there are three there - first etrade, corrected etrade, and first ms.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47569145)



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Date: April 9th, 2024 8:20 PM
Author: hairless orange home

bump. pretty wild bros, not only do i not owe ~$9k in taxes this year, but i get to carry forward a $3000 loss every year for the rest of my life. odds MS corrects this? are there penalties if they send a correction after the 15th and i report in a timely manner? if MS never corrects and i get audited, any chance IRS realizes its wrong?

seems like my best bet here is to play dumb until something happens.

(http://www.autoadmit.com/thread.php?thread_id=5515441&forum_id=2#47569131)