Problem: E-Mini Futures 1099-B Tax Form Doesn't Include Commissions

February 22nd, 2022, 09:58 PM

Should an E-Mini Futures 1099-B Tax Form Subtract/Include Commissions Paid?

I had a NinjaTrader account that used Phillip Capital this year. I received my 1099-B from Phillip Capital and it didn�t subtract/include my commissions paid.

I�ve had other E-Mini futures accounts that I believe did subtract the commissions. Are commission paid supposed to be deducted from the profit/loss on 1099-B form?

Thanks in advance!

February 23rd, 2022, 09:19 AM

PhillipCapital Form 1099B & 1099INT through NinjaTrader should give you Total Realized P/L for 2021 taken from Realized P/L less Total Commission and Fees (which include: NFA Fee, Clearing Fee and Commission). It does not include Routing Fee or TT License Fee or Market Data Fees. I had to go back through daily and monthly statements to figure out how they came up with the Realized P/L for 2021.

Problem: E-Mini Futures 1099-B Tax Form Doesn't Include Commissions

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Problem: E-Mini Futures 1099-B Tax Form Doesn't Include Commissions