Replies to post #385 on Taxes (TAX)

[ypsiCPA]

Basis of stock purchased before 2011 isn't required to be included. So they're starting with a large hole that will shrink over time. While many iHubbers seldom hold stock long-term, many outside do (Client: I bought this around 20 years ago, and have no idea what I paid. Will be more of a pain as more dump what was bluechip General Motors.)

I prefer to keep track myself, helps with tax planning.