Summary of Calculating Your Cost Basis

Cost basis is like that rattle in your car that you know is waiting for you, but which you’d rather avoid until the day it becomes unavoidable. If you are like most investors, you know that someday you will have to deal with the cost basis of your investments. Perhaps you have a broker who can make it easy for you, or perhaps you will have to deal with it yourself. If the latter, now you know how to do basic cost basis. You can use this tutorial to your advantage and save a lot of money in the years down the road.

If you’d rather not, Uncle Sam is always glad to share your earnings with him.