Where are my total commissions & fees listed in my Consolidated 1099?

Are you reviewing your Consolidated 1099 and are wondering where your total commissions and fees list in your tax forms? Well, look no further than your Proceeds and Cost Basis. In short, any associated costs with trading, i.e., commissions and fees, will already be factored into each transaction listed in the Proceeds from broker and barter exchange transactions section (Form 8949).


For international customers, you can locate your the Proceeds and Cost Basis columns in the tax worksheets posted in our Tax Center.


Refresher on Commissions and Fees

Commissions ≠ Fees

Commissions refer to the fee that tastyworks charges to place a trade. Fees refer to the clearing of trades, exchange-related fees, and regulatory fees passthrough from each respective entity.


How are commissions and fees factored in?

Refer to the Proceeds from broker and barter exchange transactions section in your Consolidated 1099

Example with Options

Similar to the example in the video above, you sell a put for $1.00 credit ($100) and then close it at $0.50 debit ($50).


ProceedsCost Basis
Trade Amount$100$0.50
Commissions$1 to open$0 to close
Fees$0.20$0.20
Total$98.80$50.20
Gain/Loss$98.80 - $50.20 = $48.60


Example with Options

Let's say you purchase 100 shares of XYZ for $100, then close the shares for $105.


Proceeds
Cost Basis
Trade Amount$10,500$10,000
Commissions$0 to close$0 to open
Fees$1.00$0.50
Total$10,499.00$10,000.50
Gain/Loss$10,499.00 - $10,000.50 = $498.50