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tiger
Lv 4
tiger asked in Business & FinanceTaxesUnited States · 6 years ago

The new IRS laws regarding cost basis on mutual funds; As an investor of such, do I still have to report my annual cost basis to the IRS?

3 Answers

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  • kelby7670
    Lv 7
    6 years ago
    Favorite Answer

    You never have to report your cost basis to the IRS until you sell.

  • tro
    Lv 7
    6 years ago

    when you sell of course, you will report the cost basis

  • Anonymous
    6 years ago

    If the cost basis is correct, you can file a simplier 8949. I haven't had that luck.

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