Investors May Need to Update Records
Tuesday - August 07, 2012 at 07:52 am
You may have noticed that the 1099 you received earlier this year from your stock broker also now includes the cost basis of any securities you sold. Our next guest says this is because of a new law that is going to cause some investors to have to put in a little extra work to get their investment records up-to-speed.
Mike Switzer interviews Scotty Scott, a Certified Financial Planner with Abacus Planning Group in Columbia. www.abacusplanninggroup.com and www.irs.gov