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Get your taxes done using TurboTax
I also see a section called Short Term - non covered. Doing some research, it says non covered means that the cost basis is not reported to the IRS? So does that mean the total proceeds under the non covered presume that the cost basis is 0 or 100% taxable?
How do I subtract out the cost basis? You would think the broker calculates the cost basis for you. It is too difficult to determine cost basis calculation for each quantities sold.
‎February 14, 2024
4:08 PM