Short Sales: How to properly report them?
I have a client with a 1099 B with 99,999 of gross proceeds that all appear to be from short sales. He tells me that some of these were settled after the close of the tax year. I assume this means ML needs to issue a corrected 1099. But for those that did settle in 2009, how do I report these short sales? The purchase date is after the the sales date.
