Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The broker didn't report the cost basis to the IRS because they don't have to. They only have to do this for "covered securities" [1], which include stocks you buy with cash, but don't include stocks you acquire as employee compensation.

[1] https://www.irs.gov/instructions/i1099b#idm139900428766768



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: