Re:Robinhood raises $323M at a $7.6B valuation
by rconti on Monday July 22, 2019 @07:30PM
(#20503248)
I really have no idea, but it's a VERY new thing that brokerages even report this information. The 1099-B can't be more than a decade old. You used to have to track it all yourself. I suspect you can use your own cost basis method. (subject to rules; of course you have to be consistent)
That said, this is definitely not tax advice, and even if it's legal/allowable, you're almost certainly more likely to be audited if your numbers don't agree with what the brokerage reports.
That said, this is definitely not tax advice, and even if it's legal/allowable, you're almost certainly more likely to be audited if your numbers don't agree with what the brokerage reports.