Since the beginning of the year, brokerage firms have been required to report investor gains and losses for new holdings directly to the IRS.

That’s good news for individual investors—at least the ones that like to be up-front with Uncle Sam. Until now, the responsibility to accurately report that information—which requires often-complex cost-basis calculations—rested with the investors themselves.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access