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Brokerages Will Have to Tell IRS What U.S. Investors Paid for Their Stock
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<p>[QUOTE="desertgem, post: 1061630, member: 15199"]Actually, I am happy for the change as it will eliminate a lot of the paperwork for tax preparation as it will all be recorded and Turbotax should suck it in and I will only have to account for my option trades as the IRS won't start requiring that until 2013 I think. TDAmeritrade will set it for "first in first out" by default, which can be changed by a drop box.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1061630, member: 15199"]Actually, I am happy for the change as it will eliminate a lot of the paperwork for tax preparation as it will all be recorded and Turbotax should suck it in and I will only have to account for my option trades as the IRS won't start requiring that until 2013 I think. TDAmeritrade will set it for "first in first out" by default, which can be changed by a drop box.[/QUOTE]
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Brokerages Will Have to Tell IRS What U.S. Investors Paid for Their Stock
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