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FAQs — Cost Basis Reporting

  • Tax reporting regulations were part of the Emergency Economic Stabilization Act of 2008.

Frequently Asked Questions

The tax code can be complex and often confusing — we understand. Below are some common questions about cost basis reporting. If you have your own questions about filing, dependents, or other issues related to your federal income taxes, you may want to talk to your tax advisor or look for answers on irs.gov.

General Questions on Cost Basis Reporting

Trading

Tax Lot Relief Methods

Debt Security Elections

If you have additional questions about cost basis reporting or how gains and losses on your investments are calculated, contact your Financial Advisor or tax professional.

Next steps

  • Make a list of questions you have about cost basis reporting.
  • Discuss tax lot relief methods and your tax lot relief strategy with your advisors.

As Wells Fargo Advisors is not a legal or tax advisor, we encourage you to speak to your chosen tax advisor regarding your specific situation.