Get the free Cost Basis Election Form - Manning & Napier

MANNING & NAPIER FUND, INC. COST BASIS ELECTION FORM Please use this form to make an initial Cost Basis Method election for your non-retirement account or to change a previously elected method. The

How to fill out cost basis election form

How to fill out cost basis election form:

1. Obtain the cost basis election form from your brokerage or financial institution. It may be available online or you may need to request a physical copy.
2. Review the instructions provided with the form to ensure you understand the purpose and requirements of the cost basis election.
3. Provide your personal information at the top of the form, including your name, address, social security number, and any other requested identification details.
4. Specify the type of securities for which you are making the cost basis election. This may include stocks, bonds, mutual funds, or other investments. Provide the necessary details for each security, such as the name or symbol, quantity, and purchase date.
5. Calculate and enter the appropriate cost basis for each security. This may include the original purchase price, any adjustments or fees, and any additional purchases or reinvestments made over time.
6. Sign and date the form, attesting that the information provided is accurate to the best of your knowledge.
7. Follow any additional instructions provided by your brokerage or financial institution for submitting the completed form. This may include mailing it back, scanning and emailing it, or submitting it through an online portal.

Who needs cost basis election form:

1. Investors who have purchased securities at different times or at different prices may need to fill out a cost basis election form. This form allows them to choose a specific cost basis method for calculating their gains or losses when reporting taxes or when selling the securities.
2. Individuals who have received securities as gifts or as part of an inheritance may also need to complete a cost basis election form to establish the cost basis for those securities.
3. Traders who frequently buy and sell securities and want to use a specific cost basis method for tax purposes may also need to fill out a cost basis election form.

It is advisable to consult with a tax professional or financial advisor to ensure you understand the implications and requirements of filling out a cost basis election form.

For pdfFiller’s FAQs

What is cost basis election form?

The cost basis election form is a document used to elect a method for calculating the cost basis of an investment.

Who is required to file cost basis election form?

Investors who want to specify their preferred method of calculating the cost basis of their investments are required to file the cost basis election form.

How to fill out cost basis election form?

To fill out the cost basis election form, the investor must provide their personal information, select their preferred method of calculating cost basis, and sign the form.

What is the purpose of cost basis election form?

The purpose of the cost basis election form is to allow investors to choose a specific method for determining the cost basis of their investments for tax reporting purposes.

What information must be reported on cost basis election form?

The cost basis election form requires the investor to provide their name, address, social security number, as well as their chosen method for calculating cost basis.

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