Im hoping a few of our day traders have come across this situation, and I have a feeling that while a few have experienced it i'll be told to ask the ATO.
Lets say you buy shares (in my case installment warrants). I bought and sold within 2 trading days. (bought on friday, sold on monday)
This resulted in me not gaining a CHESS statement for that transaction as there was not enough time for it to be recorded.
At the same time, being installment warrants, on my Macquarie Statement, since there is no record of the purchase, I have no idea what my prepaid interest and interest refund is for that transaction.
So can I do the following:
Not report an interest deduction on the installment warrant, and not report the capital gain.
Not report the interest deduction and report the capital gain.
How do all of you treat transactions for which there are no official statements ?
I have this situation occurring a few times, while im happy to report the gain if required, what happens to all my interest deductions? Are they forgone?
Fell free to add any further discussion in regards to installment warrants in this thread.