re: I'm getting bored with day trading. So, I'm going to create...

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What do yall do with dividends?



Reinvest and curse them come tax time.

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From what I can tell Schwab does a good job of keeping up with the cost basis including reinvested dividends.

I used to keep my cost basis for including taxable dividends on an Excel spreadsheet but when I saw that my spreadsheet cost basis and the Schwab cost basis were always within a couple of pennies (literally) of each other, I stopped keeping the spreadsheet and I just rely on Schwab.

Anyway with the new 2011 IRS reporting for cost basis, Schwab's numbers is what counts. I'm sure not going to report a different cost basis over a few cents.