Years and years ago, a beloved grandmother gave you a stock certificate for shares she'd cherished for decades, and now you're selling them for your child's fall semester. It happens all the time. But ...
Selling an investment typically has tax consequences. To figure out whether you need to report a gain-or can claim a loss-after you sell, you need to know the cost basis for that investment. For ...
You are responsible for reporting your cost basis information accurately to the IRS. Selling an investment typically has tax consequences. To figure out whether you need to report a gain -- or can ...
If you want to calculate how much you've gained or lost on an investment, you'll need to know your cost basis. It's important for your tax records, too. Let's run through a very simple example.
Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. One of the trickiest areas in correctly reporting stock sales on your ...
Investors generally have to pay close attention to the impact of taxes on their portfolios, especially when they decide to sell a stock that has gone up in value. Tracking cost basis is incredibly ...
Charity begins at home. Stretch that aphorism to mean that charity can include the donation of your building to a qualified 501(c) nonprofit organization. Such donations benefit both the donor and the ...
An asset’s cost basis is the amount it was purchased for, including any associated fees. An investor’s cost basis is the amount they paid for an asset when they purchased it, including any commissions ...
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.