*Changes to tax forms efective with the 2012 tax year
Average Cost Basis Statement
Historically, we have reported the cost basis of shares sold on the Average Cost Basis Statement. Beginning with the 2012 tax year, we will no longer provide you with this statement. Instead, the average cost basis for shares purchased prior to 1/1/12 will be reported to you directly on Form 1099-B. Please visit our Cost Basis Resource Center for more information on cost basis reporting,
In previous years, we were required to report tax exempt dividend on Form 1099-INT. Beginning with the 2012 tax year, we are now required to report tax exempt dividends on Form 1099-DIV, therefore you will no longer receive a Form 1099-INT. Now all the distributions you receive from your mutual fund investments will be reported on Form 1099-DIV.`
July 9, 2019
When it comes to charitable donations, "lumpy giving" may be a tax strategy that makes sense, given the increase in the standard deduction.
March 8, 2019
The IRS offers some relief to those who didn’t withhold enough in the 2018 tax year.
February 15, 2019
The dreaded cap on the deduction for state and local taxes (SALT) takes effect in the 2018 tax year and has some high earners fretting about the impact.
The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.
The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.