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Investors & landlords
No, because these mutual fund transactions are non-covered, and therefore, basis was not reported to the IRS. TurboTax is requesting cost basis because the IRS requires that transactions of this type be reported on Form 8949, Sales and Other Dispositions of Capital Assets, in addition to Schedule D. Form 8949 requires, among other things, cost basis for each transaction.
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March 3, 2023
12:59 PM