Every year about now, I can't understand why 1099's report cost basis differently than actual purchase cost, and it may be only bonds. For example if I bought 50 bonds and I paid 102 for them for an actual cost of $51,000, then why is the broker adjusted cost basis $50,000?
What is the logic (other than to increase taxes)?
@Jim14510 , others?
What is the logic (other than to increase taxes)?
@Jim14510 , others?
