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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
by junar 4y ago
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 https://www.irs.gov/instructions/i1099b#idm139900428766768