WASHINGTON — Be careful what you wish for with regard to cost basis reporting, as it might cause a headache of colossal proportions. The president’s fiscal 2008 budget proposal, presented to Congress ...

Broker-dealers, mutual fund companies and fund custodians are updating systems to comply with the cost basis reporting requirements included in the Emergency Economic Stabilization Act of 2008.

As we wrap up tax season, I’m reminded of a mistake I’ve seen multiple people fall victim to: incorrect reporting of cost basis. Cost basis is the adjusted value of the security when you originally ...

CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, ...

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis reporting rules. While a good thing for digital asset investors, the change ...

People invest with the hope of earning a return over time. But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments.

The new federal rules governing cost basis reporting are a little elaborate, but the big picture is easy to grasp. Ever drive through a red light at a traffic intersection where one of those automatic ...

The new 1099-DA form will track crypto trades like stock sales. Crypto traders need to report their cost basis for each separate exchange or wallet. These rules could make cryptocurrencies more ...

Ron Marino remembers what it used to be like when a new broker joined UBS and had to transfer clients' cost-basis information manually. “Because this was a time-consuming process, with each broker ...