成本的基础上 reporting options

成本的基础上 is defined as the price you pay for an asset. It is used to determine the amount of gain or loss you will realize if you sell the asset. If a gain is realized, you may owe federal and state income taxes. If a loss is realized, you may be able to deduct the loss on your income tax return. 成本的基础上 reporting applies only to covered shares of 非税合格 accounts including:

• 个人
• 联合
• UGMA / UTMA
• 房地产
• 抵押品
• s公司
• 伙伴关系
• 个人独资
• 信任

The Economic Stabilization Legislation, signed into law in October of 2008, requires mutual funds to report cost basis information to shareholders and the IRS beginning January 1, 2012.

• These requirements apply to 非税合格 mutual fund shares acquired on or after January 1, 2012, (covered shares) and which are subsequently sold.
• 成本的基础上 is reported to you and the IRS on tax form 1099-B, which will be mailed to you in January if you sold covered shares from a 非税合格 account.

When opening a new account, you have the option to choose from the following cost basis accounting methods:

• First In First Out (FIFO) – The cost of each share (or share lot) is tracked and the first shares purchased are the first shares deemed sold.
• Last In First Out (LIFO) – The cost of each share (or share lot) is tracked and the last shares purchased are the first shares deemed sold.
• High Cost First Out (HIFO) – The cost of each share (or share lot) is tracked and the shares with the highest cost are deemed sold first.
• Low Cost First Out (LOFO) – The cost of each share (or share lot) is tracked and the shares with the lowest cost are deemed sold first.

When you open a new 非税合格 account, you will need to select a cost basis method.