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.

The new federal rules governing cost basis reporting are a little elaborate, but the big picture is easy to grasp. Ever drive through a red light at a traffic intersection where one of those automatic ...

Ron Marino remembers what it used to be like when a new broker joined UBS and had to transfer clients' cost-basis information manually. “Because this was a time-consuming process, with each broker ...

U.S. crypto investors now have just over two weeks to execute any final sales before sweeping IRS reporting rules go live on January 1, 2026. What Happened: Beginning in 2026, centralized exchanges ...

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis reporting rules. While a good thing for digital asset investors, the change ...

Regulations proposed last week by the Internal Revenue Service would leave brokerage firms little time to begin reporting cost basis information to customers. The proposal, which was published in the ...

What Is the Average Cost Basis Method? The average cost basis method is a system of calculating the value of mutual fund positions held in a taxable account to determine profit or loss for tax ...

Tried to sell some taxable shares at Vanguard for the first time this year and was surprised that I wasn't able to specify a dollar amount but had to declare how many shares and from which lots.

The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor ...