hi @fanfare - thank you so much for your reply! I have a quick follow-up question I'd love to get your thoughts on.
To clarify my situation, the transactions for the specific proceeds listed in the IRS letter were not part of my original tax return. (that brokerage never mailed me a 1099 and in the midst of dealing with family illness and new job, I forgot to check online for it). That's why the IRS sent me the letter; I feel awful about what happened.
In a nutshell: I use multiple brokerages (Merrill & UBS), but in my original tax return, I only included the Merrill transactions on my Schedule D and Form 8949. Now, the IRS notice is asking me about the UBS transactions. The IRS seems to not know the cost basis for the UBS ones, so I need to update them on that.
My question: Do I send them a new Schedule D that includes BOTH UBS and Merrill, or do I send them a Schedule D that shows just the UBS transactions since the IRS already have my Merrill stuff from my original tax return? And should I send them a new Form 8949 that shows just the UBS transactions, or should it include both UBS and Merrill?
Thank you for any guidance.
