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A comment on How the Maker of TurboTax Fought Free, Simple Tax Filing (2013). Parent comment

Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by kelnos on Saturday March 16, 2019 @02:10AM (#19406573)
Brokerages are required to report sales of securities and cost basis information to the IRS when you sell. The IRS already has information about your capital gains and can fill out that part of the return as well.
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by tardo99 on Saturday March 16, 2019 @03:41AM (#19406818)
If you bought the asset before like 2010 they don't have cost basis info. Believe it or not people sell assets bought in like 1970 and report that on their tax forms. Full automation is a ways away...
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by cm2187 on Saturday March 16, 2019 @02:15AM (#19406593)
The parent post was talking about the UK. CGT requires a tax filling (if you have CGT in excess of the tax free allowance).
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by kelnos on Saturday March 16, 2019 @02:17AM (#19406605)
Not sure what your point is; this is a thread about tax filing in the US, and the parent was comparing it to the UK. You, referencing capital gains tax, were (I assume) referring to the US? So was I.
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