What taxpayers should know about cost-basis reporting

04/14/2012 | Tax Adviser, The

Broker-dealers and other financial-services providers are now required to provide the cost basis for equities purchased after Jan. 1, 2011. This article summarizes the changes taxpayers should expect on Schedule D and the newly created Form 8949. Taxpayers will need to place transactions in one of six categories in preparing their Schedule D and Form 8949.

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Tax Adviser, The

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