Tax Question??

[shadowkat]

Spoke too soon. Have a question - does anyone out there understand how to figure out a
"cost basis"? If you don't know what it is, you don't know.

Comments

[rebekahroxanna.livejournal.com]

OK, this is really complicated--beyond my expertise (or lack thereof). Try http://www.irs.gov/taxtopics/tc427.html. The problem with talking to the IRS is that they have a high error rate (you'd think they'd be able to answer questions, but they aren't always right.) If you don't understand the irs publication, then you need to find an accountant.

[shadowkat67.livejournal.com]

Thanks. Tried the Irs. Didn't work. Decided to try one more avenue -
my old broker who did figure it out last year - I'm asking them what they did. Because it should be exactly the same calculation.