Subject: Better 1099 b Comment: 1099-b stock trades etc is way to lenghty. Broker should be able to just report net short and long term gains/losses. If cost basis is not known...now a rare occurancce with bigger brokers...then zero is assummed and filer would have to make an adjustment. Would save a lot of detailed paper work/transactions to IRS for active traders. Would be like 1099 int & div where just one total number is reported. |