To date, we have completed various phases of the new tax reporting rules for cost basis.
The first phase took effect on January 1, 2011, and addressed equities. The second phase, which began
January 1, 2012, expanded to mutual funds. On April 18,2015 the US Treasury Department and IRS released the final regulations for cost basis reporting of debt instruments. This is the third and final implementation phase of the cost reporting law, contained within the Energy Improvement and Stabilization Act of 2008.
Cost Basis and Complex Bonds
Please contact your Relationship Manager if you any questions or concerns about these posts.
NEW! Liberty Training Videos
Create and Manage Models
Dashboards and Performance