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Frank0051

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Frank0051

Re: Flobewan post# 54

Wednesday, 02/15/2012 9:05:01 AM

Wednesday, February 15, 2012 9:05:01 AM

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I still wouldn't file with it unless you absolutely have to given the new reporting requirements going into place this year for 1099 and brokerages firms (cost reporting). I've gotten one of the new ones and they show the cost basis and everything. Basically, the IRS is looking for a more automated process to find tax cheats for capital gains.
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