The Wall Street Journal Tax Smarts

The Wall Street Journal Tax Smarts

New Tax Reporting Rules

Date: 1/4/2011

Author: Carolyn T. Geer

“So keep good records. Under the new rules, brokers are subject to penalties for reporting bad information but so, as always, are you. For a modest fee, services such as GainsKeeper (gainskeeper.com) and NetBasis (netbasis.com) can help you re-create the historical cost basis of positions in your portfolio.”

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