Do I have to keep track of cost basis when rollover 401K to IRA?
I have rolled over 401K to IRA account whenever I switched jobs. They sent me a check in the name of my brokerage firm and deposited into my IRA account. I kept some previous 401K statements, but not all. On my IRA statement provided by my brokerage firm, cost basis is unavailable, obviously. Does this become a problem when I withdraw money from IRA at the time of retirement because I won't know what the gain is? Do I need to obtain the cost basis for all 401K rollovers from the 401K managing firms such as Fidelity from my previous jobs?