Reply To: Can I Determine Cost Basis differently than my discount brokerage

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#8027
kaneohe
Participant

I’m ignorant (lolo) about puts& calls but assume they’re just more detail here. Still think the best(cleanest) is if you could get broker to get reporting to match your intent. If not, you’ll have to navigate the lower road and sign the return which has “Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true,
correct, and complete. ………..”

IRS did away w/ non-covered self-reporting for CGs for a reason and tho it’s likely they are undermanned, no telling what will happen.
Pomaika’i