Thank you Alicia. Quick follow up....the 1099-B states both the cost basis and proceed amounts will be reported to the IRS. However, someone told me that they would only receive the proceed amount. I realize that in years past, at least, furnishers did only report proceeds to the IRS, so the IRS did not know the cost basis. However, I had thought that was updated to now include furnishers providing the cost basis too.
Do you know for sure on this nuance? Thanks
