The OptionsHouse FAQ

• What should I do if my 2011 Form 1099 does change when it is posted?

• What should I do while I wait for a corrected Form 1099?

• Can I access my 1099 tax forms online?

• How do I read my Form 1099?

• How do I elect average cost accounting for gain/loss reporting on mutual funds and other regulated investment companies?

• Is my cost basis reported on my Form 1099-B?

• Will I receive a Form 1099-B for my account?

• What Tax Relief Method is my cost basis being reported under?

• Can I elect to assign a specific tax lot to a closing transaction?

• I believe there is an error on my Form 1099-B, how can I correct this?

• Does OptionsHouse provide me with a Schedule D to report my trades?

• Why does my Form 1099-B list my “Gross Proceeds Less Commissions” as a lower figure than the “Total Sales Price Amounts” on my Schedule D?

• I have reviewed my Schedule D in the Maxit Tax Calculator and I believe there is an error, how can I report this?

• Why does my Form 1099-B show a “Gross Proceeds Less Commissions” figure that is much greater than what I made trading this year?

• I funded my account with an ACAT from another brokerage firm, what happens to my cost basis?

• How do I update incoming transfer information in the Maxit Tax Calculator?

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