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Get your taxes done using TurboTax
Thanks for the answer! Two follow up questions:
1. Will Robinhood automatically add these losses to the new cost basis?
2. If I transfer these stocks from Robinhood to another brokerage in-KIND, will the adjusted cost basis (10K, not 6K) be passed to the new brokerage? I'd like to transfer my stocks out of Robinhood, but concerned that it will make my tax situation complex.
‎April 20, 2022
10:40 AM