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If you need to get tax forms and instructions from the NYC Department of Finance, you can access the NYC government web site at http://www.nyc.gov/portal/site/nycgov/menuitem.cab0ced5cf276e94cbb5668001c789a0/

A short sale is a sale of stock that you do not own but borrow for purposes of the sale from a broker. Brokerage firms are required by the IRS to report all stock and bond security sales, including short sales. A short sale is considered a sale according to the IRS regulations and must be reported to you and then indicated on form 1099-B.

A short sale is a sale of stock that you do not own but borrow for purposes of the sale from a broker.
Brokerage firms are required by the IRS to report all stock and bond security sales, including short sales.
A short sale is considered a sale according to the IRS regulations and must be reported to you and then indicated on form 1099-B.

Gross proceeds and profit you made are two different numbers.
Gross proceeds are the total amount associated with the sale of securities that are reported to the IRS and must be listed on your tax return.
The (profit) gain or loss is determined by calculating the difference between the original cost (plus previously taxed dividends from mutual funds) from the sales price.

Gross proceeds and your profit are two different numbers. Gross proceeds are the total amount associated with the sale of securities that are reported to the IRS and must be listed on your tax return. The (profit) gain or loss is determined by calculating the difference between the original cost (plus previously taxed dividends from mutual funds) from the sales price.

The difference between the discounted purchase price and the value at maturity is the return or yield on the bond and is called accretion. A bond's accretion must be calculated annually and this amount must be reported to the IRS as income on Form 1099. OID bonds are generally issued at a low or zero coupon and are issued at a deep discount relative to the bond's par value.

The difference between the discounted purchase price and the value at maturity is the return or yield on the bond and is called accretion. A bond's accretion must be calculated annually and this amount must be reported to the IRS as income on Form 1099. OID bonds are generally issued at a low or zero coupon and are issued at a deep discount relative to the bond's par value.

The IRS does not require brokerage firms to report margin interest on form 1099-INT. Generally, the amount is reported on the statement you receive from your brokerage firm as margin interest paid on the non-reportable section of the Consolidated 1099.

The IRS does not require brokerage firms to report margin interest on the form 1099-INT. Generally, the amount is reported on the statement you receive from your brokerage firm as margin interest paid on the non-reportable section of the Consolidated 1099.

The IRS does not require that brokerage firms report options sales on form 1099-B. The IRS does require brokerage firms to report the assignment or exercise of options if cash is received as a result of the assignment or exercise.