Market Watch Taxwatch

Market Watch Taxwatch

How to Find Your Cost Basis for Capital-gain Taxes

Date: 3/25/2011

Author: Eva Rosenberg

“Well, that’s a no-brainer. Or is it? According to Nico Willis, chief executive of NetWorth Services Inc. in Arizona, it’s not that easy. Willis said financial institutions can’t make up the basis out of thin air. They only have the information in their records since the securities were on their books.”

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