Grifco Inc (GFCI)

[cyofish]

I have Ameitrade and my advice would be to not rely on gainskeeper as it's got too many flaws. It was created with good intentions but there are development issues.

As for as sales of stock fyi, the only thing IRS sees is the gross proceeds which is the only information stated on the 1099-B. There is no cost basis or the gains & loss information on a 1099-B. So whether you use the basis in the gainskeeper or the $0 basis for Grifco, it won't raise a red flag IRS, nor would they know what's long term and what's short term. Only thing that would raise a red flag on a stock sale is if the Gross Proceeds from the 1099-B doesn't match what you put on your tax return (Schedule D).

Despite this fact its always best to provide accurate information to the IRS.