Reply To: Cost Basis Method

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#3307
kaneohe
Participant

You selected specific ID for covered shares. You haven’t sold any shares so soecific ID should apply to all covered shares. Assuming you sell those specifc covered shares “properly” (however VG requires), you should only be left w/ your noncovered shares. How VG reports those noncovered shares does not matter since VG does not report noncovered basis to IRS.
You could even use specific ID there (since you have never sold before)
providing you follow the VG/IRS rules for specifying specific shares…
specify in advance which shares, get written confirmation from VG in a timely manner, plus whatever else VG may require.

Is there a specific concern?