• SaltySalamander
    link
    fedilink
    01 year ago

    This information is already furnished to the IRS

    The fact that you sold it is already furnished to the IRS, yes. But not what your cost basis was, therefore not what you actually owe. You have to either calculate that yourself or have someone who knows what they’re doing do it for you.

    • @Zorg
      link
      51 year ago

      Some fancy trades perhaps not, but I have yet to have a line item not have this on it: (basis reported to the IRS)