Differences in Proceeds and the 1099-B Comparison Tool

Considerations

Some differences in proceeds are to be expected between your 1099-B and your GainsKeeper Realized Report. The Check-Up 1099-B comparison tool is designed to help you easily reconcile your taxable gain/loss, as reported by GainsKeeper, to your 1099-B. This tool will look at the data in your account and pull out the same information that your broker uses for your 1099-B, then put that side-by-side with what your actual tax figures are, so that you can see exactly where the differences are coming from. Differences highlighted in this tool include:

 

If these expected differences cannot account for your discrepancies, then you may have a data issue. Compare your year-end Unrealized and Realized summary information as reported in View Accounts with your broker records. If trades are missing, they can be added manually using Record Trades>Stock (or Option, Bond, etc.). Trades can be deleted or edited from the Trade Log.

 

 

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