Hi,

The “Pending Settlement” section on a brokerage statement is relevant for tax purposes. When a monthly brokerage statement is printed during the three days that a closing trade is waiting to settle, the trade appears in this section. For tax reporting, the IRS requires accounting for pending settlements on December 31, but not on a monthly basis1. Essentially, it signifies that the funds have been earmarked for a transaction but have not yet been transferred, affecting your available balance23. If you’re reconciling QuickBooks, including this section on your Balance Reports is advisable. If the issue persists, consult with a QuickBooks expert or support for further assistance.  However, it’s essential to consult with an accountant to ensure accurate reporting.