Stock Trades

Forum|Forum|9 months ago
September 26, 2025
3 replies
9 views

I have a client that just brought in his taxes and has about 20 pages front to back of stock trades from Ninja Trade Account. There is no 199 and when I take the proceeds from the cost basis is it different

by at least double. How do I report this?

Thank You

ProSeries Professional

sjrcpa

Level 15

Is the difference due to wash sales?

The more I know the more I don’t know.

Just-Lisa-Now-

Intuit Community Champion

Arent Ninja accts used for forex and futures? thats probably why its doesnt match up.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

4

470pittAuthor

Level 4

How do I report these? Take for instance if it 250Sales and 150 Basis it should be 100 but shows 200

George4Tacks

Level 15

Are they really sales? OR are they "beats" that when I sell at this price in the future I will make money OR if I don't sell, which would cost me money I take the loss on my bet. Are you sure there is no 1099 floating around.

This give some insight to how to report. https://www.schwab.com/learn/story/trader-taxes-form-8949-section-1256-contracts

Answers are easy. Questions are hard!