What cost basis information from the Baird 1099 “Schedule of Gains / Losses” will be excluded from the TurboTax® download?
The Baird 1099 “Schedule of Gains / Losses” may included certain securities, which include, but are not limited to, securities which have undergone a reorganization like bankruptcies, mergers, and acquisitions; principal paydown securities (if all paydown information is available) like Unit Investment Trusts (UITs), and factorable securities (i.e., FNMAs, GNMAs); certain short sales; options transactions; Direct Participation Programs (DPPs) and Real Estate Investment Trusts (REITs). These cost basis transactions will not import into the Turbo Tax download. Cost Basis information provided on the Baird 1099 “Schedule of Gains / Losses” and/or the TurboTax® download is provided for informational purposes only and is not furnished to the IRS. It may not contain all the information needed and may require additional adjustment to calculate your actual gains / losses. You should independently verify the cost basis information provided with your tax records (including the buy/sell trade confi
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