Since the beginning of Jan 1st 2011 all brokers are required to keep track of the cost basis for stocks purchased after 1/1/11. Is it really necessary to keep physical copies of trade confirmations for taxable brokerage accounts in case of an IRS audit? Or will the IRS accept the year-end copy of a broker provided realized gain/loss statement?I do realize I can go back up to ten years at my broker to obtain trade confirmations but was curious about accumulating documentation I really don't need for IRS audit purposes. ThanksRich
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