We are having a issue and H&R Block is clueless. I wouldn?t think this would be so uncommon. I had mutual funds that was moved from Edward Jones to Chase bank approximately 10 years ago. I wanted to switch into something safer so my Chase advisor sold our funds and moved them into a managed safer fund. A small portion was deposited to savings while all remaining went into the new account. I was under the assumption that I would only pay tax on only what I actually took out.

The year end tax 1099 is missing a cost basis and it looks like we would be taxed on the full amount. This was part of a revocable trust and is remaining in that trust. Since my local H&R doesn?t seem to know what to do I?m picking up everything and taking it somewhere else. Does anyone have any help what should I do?