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On the 1099B statement where it says Cash Basis does that mean that they have that amount of money in their account?
June 5, 2019
11:51 PM
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Retirement tax questions
No, cash basis is generally what you paid for that particular stock. TurboTax uses that amount to figure if you have a gain or a loss when you sell the stock.
Related information:
June 5, 2019
11:51 PM