PREPARING FOR THE NEW COST BASIS REGULATIONS
Brokers will report cost basis to IRS and taxpayer on Form 1099-B. Taxpayer will use Form 1099-B data in preparing their tax return filing for 2011 and following years. Taxpayer will report cost basis to IRS. Equities* Acquired on or after Jan. 1, 2011 Acquired prior to Jan. 1, 2011 Mutual funds, dividend reinvestment plan (DRIP) shares and ETFs** ................
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