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Reply to "Can I rely on Vanguard to compute my cost basis? "
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[quote=Anonymous]The IRS holds the taxpayer responsible for inaccurate cost basis reporting. Brokers and mutual fund companies are only held responsible for cost basis purchased after 2011, so if you purchased any of your shares prior to that, the cost basis they give you may not be accurate. There is an online tool called, Netbasis,(www.netbasis.com) that will automatically calculate an adjusted cost basis for all securities going back to 1925. It will adjust of all corporate actions and dividends. This is the best tool available to make sure that your capital gains reporting is accurate.[/quote]
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