As part of a new tax law that took effect Jan.1, 2011, Scottrade is responsible for tracking and reporting both your cost basis and sales proceeds for securities covered by the new tax regulations. The changes to the way cost basis is tracked gives you a more complete and accurate assessment of your cost basis and can help simplify your year-end tax preparation. Keep learning about cost basis and how the new law impacts your account below, and please contact your local Scottrade team with any questions.
Cost Basis Education
Calculating Gains & Losses
Words to Know
For more information about tax-related topics, visit the Tax Guide.