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It's not just when you sell that all this tracking concerns me. It's when the nondividend amounts exceed my cost basis, then the excess will need to be reported as capital gains. Is this requirement part of the new regulation that brokers must track for us?

While the broker may be tracking cost basis, I don't know if they will be responsible for letting you know if your cost basis reaches $0. Somehow, I doubt it, since there is no requirement for them to provide an annual report of the cost basis of open positions.

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