Investor B and the IRS. You remain responsible for reporting your cost basis information to the IRS on Form 8949 and on Form 1040, Schedule D, for all shares sold, whether they're covered or noncovered.he information you report in column (e) of Form 8949 must match what we send to the IRS on Form 1099-B. We aren't required to make certain adjustments that are necessary for your tax return. For example, we don't adjust basis for wash sales when the purchase or sale is in another account or for taxes paid on gifts.
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