Cost basis reporting to the IRS

Discussion in 'Taxes and Accounting' started by hughb, Feb 3, 2008.

  1. hughb


    I've been looking for info on how close we are to having our cost basis reported to the IRS. I'm not finding anything more recent than a few years ago. I'm worried about it because it seems like brokerages always report it lower than what it really is. (or maybe my accounting software shows it higher than what it really is). Anyway, does anybody have the poop on this? I know it's coming, but when?