And Congress is likely soon to require brokers to report to the Internal Revenue Service and to you not just the gross proceeds of securities sales (as they do now on form 1099-B) but also your cost basis.

FORBES: It Pays to Know Your Number

In coming years, brokers and banks will likely have to report to the Internal Revenue Service (and to you) not just the gross proceeds of your stock and mutual fund sales (as they do now), but also what you paid for those shares.

FORBES: Basis In Truth