what type of personal transactions are brokers to required to report to the IRS for tax reporting purposes?

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is it just stock sales? or does it include stock transfers etc..

2007-03-15 20:29:27 · 2 answers · asked by just_curious 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

Any disposal, for consideration or not, is reported. Transfers to another brokerage are not treated as disposals.

2007-03-16 00:09:15 · answer #1 · answered by skip 6 · 0⤊ 0⤋

They track and report everything to some degree. If the IRS requests the data it is readily available to them.

2007-03-15 20:32:03 · answer #2 · answered by Plasmapuppy 7 · 0⤊ 0⤋