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Reporting a cost basis of $0 has you paying the maximum amount of taxes. As a general rule, the IRS doesn't care if you decide to say that you owe the maximum p
by ThrustVectoring 9y ago
Reporting a cost basis of $0 has you paying the maximum amount of taxes. As a general rule, the IRS doesn't care if you decide to say that you owe the maximum possible amount of taxes - it generally focuses on possible underpayment, not overpayment.