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Understanding capital gains taxes
#9

Understanding capital gains taxes

Quote: (04-04-2014 09:20 AM)nmmoooreland20 Wrote:  

I assume brokers typically track this cost basis info for you?

And do they also keep track of your losses that you can apply towards future capital gains?

You should never rely on the broker for cost basis...you should be keeping track of your cost basis and any distributions you receive that may affect cost basis. I have two brokers, sometimes holding the same ETFs in both, brokers would have no clue about my ACB.
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