TaxACT Blog How to Calculate Cost Basis: Common FAQs and Examples

If you plan on selling investments this tax year or in the future, it’s time to get acquainted with cost basis. But what is cost basis, why does the Internal Revenue Service (IRS) care about it, and how does it affect your income tax return? Let’s break it down together by looking at some frequently […] The post How to Calculate Cost Basis: Common FAQs and Examples appeared first on TaxAct Blog.