Cost Basis

As part of a 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 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

Cost Basis FAQ

Guide to Cost Basis (printable PDF)

Cost Basis & Tax Lots

Cost Basis & Your Positions (FAQs)

Calculating Gains & Losses

Tax Strategies

Specifying a Tax Strategy

Adding an Acquisition Date to Non-covered Positions

Words to Know

Cost Basis

Covered Positions

Non-Covered Positions

Capital Gains

Capital Losses

Tax Lot

Tax Lot Number

For more information about tax-related topics, visit the Tax Guide.

The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.