New Rule Puts a Wrinkle in Figuring Taxes on Stock Sales

Date: 2/13/2012

Author: Matt Krantz

“For instance, TD Ameritrade, a large broker, is opting to report the cost basis on many ETFs, but not all, says the company’s Becky Groves. “There’s a wide ocean of securities that investors could have sold in 2011, that they are responsible for, and the brokerage isn’t,” says NetWorth Services’ Willis.”

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