Questions about your 1099:

When will the 1099s be mail?
1099s are required to be mailed prior to January 31 of each year.

When will the 1099 be reported to the IRS?
We are required to report the 1099 to the IRS no later than February 29.

What do I do if I find an error on my 1099?
Please contact you broker immediately or Puma Financial Operations department. 312-368-6000 ext. 120.

What form do I use to file my 1099?
You will need IRS form 6781. You can obtain this form from the IRS website or in many cases, from your local library. Please consult your tax advisor on the use of this form.

What do boxes 8, 9, 10 and 11 mean?
Box 8 is the realized profit or loss in futures and options.
Box 9 is the unrealized profit or loss from the previous year (2006). This figure will be reversed on the 1099 to create Line 11 and was downloaded from your last years 1099.
Box 10 is the unrealized profit or loss from the current tax year (2007) and represents any open positions in your account on December 31, 2007. This figure will be reversed in next years 1099 on box 9
Box 11 is the sum total of lines 8, 9 and 10.

What other information do I need to file?
Please consult your tax advisor for any additional questions on filing with the IRS.