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etalors

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etalors

Re: None

Tuesday, 04/17/2018 9:41:43 PM

Tuesday, April 17, 2018 9:41:43 PM

Post# of 37916
My 1099-B says that xiv is a noncovered lot (security). Meaning that cost basis or gain/loss is not reported to SAM. I made out nicely on that one last year. What's to prevent someone from not reporting this or increasing the cost basis to lower taxes, since brokerages don't report any information. How would uncle sam know.
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