Investors, do you know your cost basis?

Reuters – March 8, 2011 – There’s one thing you really need to know about the new rules on cost basis: If you haven’t had a conversation with your broker about how you want your basis to be calculated, it’s time.

Cost basis is one of those topics that make all but the most hardy investors roll their eyes or go completely blank. And with good reason: It’s stupidly complicated.

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