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REDDIT

Do I need to report both reported AND unreported cost basis to IRS?

B
Mar 15, 2025 · 11:55

Good Saturday morning!

I received from Schwab the annual 1099-B, where both reported AND unreported costs bases are shown for long term and short term gains and losses, both that are identical trades and amounts. Do I need to report both types of cost bases on my tax return?


Thanks!