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Get your taxes done using TurboTax
With respect to your first question, read through the following thread.
With respect to your second question, that might depend upon the brokerage firm. Personally, on one instance in the past when I transferred some shares in-kind, the receiving brokerage firm reported the basis as N/A. Conversely, on another instance, the new brokerage firm managed to report the correct basis after the transfer.
‎April 20, 2022
10:50 AM
1,662 Views