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Get your taxes done using TurboTax
HelenC12,
Thank you for your help.
For those old shares JP Morgan named it as "Unknown Term Gains or Losses". Since these shares were acquired before 2012 it must be Long Term Capital Gain. Am I correct?
Just for my own education how would Turbo Tax or the IRS determine the tax on Capital Gain if the basis is not known? Is it assumed as zero basis?
‎April 4, 2023
10:49 AM