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PRINT RESET FORM COST BASIS ELECTION FORM The cost basis of covered shares, generally shares acquired on or after January 1, 2012, is determined using the fund's default method, unless you elect another
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How to fill out form cost basis of:

01
Gather all relevant financial documents, such as brokerage statements and purchase/sales receipts.
02
Begin by entering your personal information, including your name, address, and social security number.
03
Next, provide the details of the assets for which you are reporting the cost basis. This includes the name of the asset, the purchase date, and the acquisition cost.
04
If you have sold any assets during the tax year, report the sales information. This includes the sales date, sales proceeds, and any expenses or fees incurred.
05
Calculate the cost basis of each asset by considering factors such as dividends, splits, and reinvestment of dividends.
06
Double-check all entered information for accuracy and completeness before submitting the form.

Who needs form cost basis of:

01
Investors who have bought and sold stocks, bonds, mutual funds, or other assets during the tax year.
02
Individuals who need to report their capital gains or losses for tax purposes.
03
Anyone who has received assets as gifts or inheritances and later sold them.
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Form cost basis is used to report the cost or other basis of certain securities sold, exchanged, or otherwise disposed of to the Internal Revenue Service (IRS).
Any person or entity that has sold, exchanged, or otherwise disposed of certain securities during the tax year is required to file form cost basis.
To fill out form cost basis, you need to provide information about the securities sold, exchanged, or disposed of, including the cost or other basis, the date of acquisition, and the date of sale or disposition.
The purpose of form cost basis is to help taxpayers and the IRS verify the accuracy of reported gains and losses on the sale or disposition of securities.
Form cost basis requires the reporting of the following information: the description of the securities sold, exchanged, or disposed of; the date of acquisition; the date of sale or disposition; the cost or other basis; the amount of gain or loss; and any adjustments to the basis.
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