470pitt
Level 3
‎09-26-2025 02:03 PM

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

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sjrcpa
Level 15
‎09-26-2025 02:48 PM

Is the difference due to wash sales?


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Just-Lisa-Now-
Level 15
Level 15
‎09-26-2025 06:01 PM

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


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George4Tacks
Level 15
‎09-26-2025 06:25 PM

Maybe your sophisticated trader didn't download the 1099? https://ninjatrader.com/futures/blogs/when-to-expect-1099-tax-forms/

 


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470pitt
Level 3
‎09-27-2025 09:50 AM

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

 

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George4Tacks
Level 15
‎09-27-2025 11:54 AM

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


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