Your 1st responder is more or less correct generally speaking. But a stock broker in general receives income only from brokerage commissions--ie selling stuff. It is true that an investment advisor, which is not a stock broker, magages investments for people at about a 1% commission on total assets. Stock brokers due work for firms that do make additional revenue as the 1st responder mentioned, but the broker seldom sees any of that rather than at perhaps year end when if he/she is very lucky might receive some revenue sharing (bonus). Somewhat unlikely but possible.
Of course the stock broker can trade for his own account and perhaps even receive a cut in the trading commission. If the broker is lucky enough to have astute clients then for certain that broker can follow the clients lead---actually even trade ahead of the client--somewhat unethical but then who ever said stock brokers were ethical.
Ask the company to which you want to move the account if they will reimburse the fee. Most will gladly do so. The firm you are moving the account from might charge about $35 or so. To move the account the broker to which you wish to move it will handle all the details. They will give you a form to fill out and most likely ask you for a copy of your latest broker statement. That is all there is to it. It normally takes about 2 weeks to make the transfer.
Section 147 of the N.I.Act:- notwithstanding anything contained in the Code of Criminal Procedure, 1973, every offence punishable under this Code (N.I. Act) shall be compoundable.
I certainly can understand your frustration.
I had a similar problem with Scottrade last year.
You need to contact either the tax department or accounting department of Charles Schwab. You need to find out whether the software they use to generate Schedule D information has a "bridge" into Turbotax. If they do,
they will direct you through their utility menu to download it.
If they do not have a bridge, dont fret. It is not a problem. Just ask them to print what they have - Proceeds first, Cost second, Gain or Loss third on
a spreadsheet. Then just attach the spreadsheets to the back of the return.
On Schedule D on the first line for short-term and the first line of long-term
indicate "Schedules Attached" - make sure though that the total of your proceeds match the 1099-B.
While I abhore how these politicians do favors for their buddies like this, I do have to challenge the notion that vaccinations cause autism.
Thimerosal was removed from the vaccinations in 2001. The last lot of vaccinations with thimerosal expired in 2003. That means, if Thimerosal was the cause of the increase in autism rates the rates should have dropped by now. They have not. The rates are apparently still rising.
Asperger's, a high-functioning form of autism was always around but these kids were just labelled geeks, & such. (Some say Bill Gates has Asperger's) Now, Asperger's composes 80% of the kids on the autism spectrum. That alone accounts for a big hunk of the increase. There are other factors, too, which point to the likelihood that the actual rate of autism hasn't gone up - just the rate of diagnosis. Email me if you'd like more details.