Just When I Thought Schedule D Was Going to Get Easier

Posted on January 4, 2012 by Leasa Magnuson in Individual Tax

For years I have wished that brokerage firms would provide the cost basis for the stocks they sold. A few years ago the IRS agreed and determined that 2011 would be the first year brokerage firms had to provide this information. Once the IRS came out with this new ruling the brokerage firms had to […]

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Finding Cost Basis: A Simple Issue Made Complicated

Posted on June 9, 2010 by Leasa Magnuson in Individual Tax

Recently I have been helping a couple of clients look at their retirement years. One of the most common issues that comes up is the tax implications of selling stock. Currently it is a pretty sweet deal at only 15% for capital gains tax the issue is that no body seems to know what they […]

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