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I just got my Zecco 1099 form for tax year 2011. The account is a taxable one. I was expecting to see some capital gains listed, because during 2011 I sold a mutual fund (that I held since 1999) and a stock (held since 2008) both at a gain. Zecco does not know my annual income, so they are not going to know about my capital gains rates/exemptions. I am certainly wondering why they have listed no capital gains at all.

I have to assume that you've never sold anything before that was reported on a 1099-B. Before 2011 the 1099-B never said anything about basis or gain/loss. That was up to you.

Starting in 2011 brokers are required to report basis and gain/loss in an extremely limited number of cases. It appears that neither of your sales would be those which require same. Thus, it's still up to you to come up with the basis and calculate the gain/loss.

These will be Code B on the reporting form.

Phil
Rule Your Retirement Home Fool
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