▲ 2 r/tax
How to track REIT cost basis
Client is invested in a REIT. I have the 1099 from Schwab for the last four years.
They reinvested dividends the entire time.
I see the dividend in box 1a, the return of capital Amount in box 3
They also have 1250 gains and 897 gains as well, but I suspect those aren’t used in the calculation.
Is it just starting basis minus return of capital plus dividends from box 1a?
u/Illustrious-Otter — 1 day ago