Transcription of Preparing for Cost Basis Changes
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Preparing for Cost Basis Changes
October 1, 2010. Preparing for cost Basis Changes As you may know, cost Basis reporting requirements are changing. New legislation passed by Congress in 2008 requires brokers to report cost Basis to the IRS and taxpayers starting with tax year 2011. This change represents a shift in the way you and your advisor will approach cost Basis . We understand that you may have questions about what this means for you and what Stifel is doing to comply. On the following pages, you'll find answers to frequently asked questions about the Changes the legislation will bring, as well as charts designed to give you a snapshot of how the Changes will roll out over the next three years. Stifel is dedicated to keeping you informed and to working closely with you and your advisor through this transition.
October 1, 2010 Preparing for Cost Basis Changes As you may know, cost basis reporting requirements are changing. New legislation passed by Congress in 2008 requires brokers to report cost basis to
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