Huntington Ingalls Industries, Inc.

• Cost Basis Reporting-HII Spinoff from NOC

  By Laurie Frederiksen - December 26, 2011 | Tickers: HII, NOC

  If you purchased and sold any stock in 2011, you’re going to be seeing changes in the 1099 form you receive from your broker.   New cost basis reporting rules have begun phasing in.  Under the new rules, brokers are required to report cost basis information to the IRS. 

  When you have a sale, you get taxed on your capital gain or loss.  This is the difference between your cost more »