The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: less4success on January 11, 2017, 08:45:57 AM

Title: (Removed)
Post by: less4success on January 11, 2017, 08:45:57 AM

(Removed)

Title: Re: Cost basis discrepancies for covered mutual fund shares
Post by: SeattleCPA on January 11, 2017, 11:06:11 AM

It's pretty common for the 1099-Bs to require you to make adjustments. So if the Vanguard statement is wrong or incomplete, you can adjust.

The way you do this is via the Form 8949. As a compulsive linker, here's address for the actual form instructions:

https://www.irs.gov/pub/irs-pdf/i8949.pdf

You want to make sure you have your facts straight and your accounting right on this. I would assume those adjustments bump your audit risk.