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Get your taxes done using TurboTax
fanfare and Critter-3, Thank you for your reply!
I have 6 ETFs and 60 transactions total, but each of them are small $$$. Total proceeds is $27.41
The same situation in last year, I decided to use cost=proceeds (So basically $0 profit) by an opinion I was told by an expert. I though that's fair to do since my form says; Undetermined (basis not reported to the IRS) Total $27.41, Cost basis$0.00, Net gain $0.00. And Total Gross proceeds investment expenses is $27.41 (exactly same as the proceeds) . And, The federal tax laws eliminated the deduction of investment expenses through the year 2025.
But I still don't know if this is ok or not.
‎August 24, 2022
6:42 PM
2,115 Views