as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is the correct way to report a tender offer fee on my taxes?
user
using a different cost basis than your broker's reporting is not a problem. you need to keep your own records to account for this difference. among the other many legitimate reasons to adjust your cost basis, the most popular is when you have two brokerage accounts and sell an asset in one then buy in another. this is called a wash sale and is not a taxable event for you. however from the perspective of each broker with their limited information you are making a transaction with tax implications and their reported 1099 will show as such. links:  https://www.firstinvestors.com/docs/pdf/news/tax-qa-2012.pdf
assistant