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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: non covered securities and cost basis Date: 2/25/2014 10:06 PM
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if TDameritrade reported cost basis to IRS on Mako which was bought in 2012, should I not see something in 1099B?

Absolutely. Which means they didn't report basis to the IRS. Should they have? Beats me. To find out I'd have to look it up, and why spend my time deciding whether the broker prepared the 1099-B correctly? You know the basis. You should know the basis even if the broker was reporting it, otherwise how do you know it's right? So report a sale with no basis reported on the 1099-B and be done with it.

Phil
Rule Your Retirement Home Fool
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