USA Today: New Rule Puts a Wrinkle in Figuring Taxes on Stock Sales

In case you missed it, Cameron Routh, our Senior Vice President and Managing Director of Strategic Products, spoke to Matt Krantz of USA Today for an article on the tax implications of recent cost basis reporting regulations that investors are facing this year. Following the passage of the Emergency Economic Stabilization Act of 2008, 1099-B forms that investors receive from their brokers will be different from what they used to be. Cost basis rules will apply to the way gains and losses on investments are reported to the IRS. Read the full article on the impact of cost basis reporting.

Posted in Basis reporting legislation, Cameron Routh, Cost Basis and tagged , .