Fundsters interested in mutual fund tax issues may want to look at Dow Jones
. Today Arden Dale reports
on the new 1099-B guidance from the IRS on disclosing information to shareholders regarding cost basis reporting.
The new rule, created by the IRS thanks to a 2008 law and ready for implementation for mutual fund shares bought on or after January 1, 2012, expands Form 1099-B "to include the cost or other basis of stock and mutual-fund shares sold or exchanged during the year," Dale writes.
Dow Jones cites IRS Commissioner Doug Shulman
, and includes insight from SIFMA
government affairs managing director Ellen McCarthy
and Wolters Kluwer Financial Services
senior director and tax counsel Stevie Conlon
Neil Anderson, Managing Editor
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