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For simple purchases of common stock, the purchase price is NOT reported to the IRS. Although, many brokers may provide it for your information.

• wiredfool 14y ago
  I believe (meaning, I've got a form with that data) that that has changed as of this year, at least, they are now reporting the cost basis for stocks that have been sold. I don't remember seeing this in previous years.
  • khuey 14y ago
    Yep, cost basis is now being tracked and reported.