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New Member
posted Apr 4, 2021 11:44:23 AM

We have received Confirmation Notices from our broker for stocks we bought during 2020. Does this information need to be included anywhere on our federal tax form?

(We did not sell any stocks in 2020, just purchased stock.)

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1 Replies
Level 15
Apr 4, 2021 11:46:57 AM

The purchase of a stock is not reported on a tax return.  Only when the stock is sold, gain or loss, is it required to be reported on a tax return.