@CPA_Trendlines I'm still trying to process why we needed a whole new form, why not just 1099b. I know basis reports are deferred, but that should be fun!!! Especially when taxpayer disagrees with ST/LT and value.
@barneyxbt The 1st scam is definitely misinformation, there is no 1.8 billion that's an annuity, the 2nd scam is the tax is more than 50%.
If you think of it, it's similar Social Security...most people pay in more than is received AND you're most likely to be taxed when you receive it.