USAA Brokerage Services Cost Basis Form - USAA.com
USAA Brokerage Services Cost Basis Form - USAA.com
USAA Brokerage Services Cost Basis Form - USAA.com
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P.O. Box 659453<br />
San Antonio, Texas 78265-9825<br />
<strong>USAA</strong> <strong>Brokerage</strong><br />
<strong>Cost</strong> <strong>Basis</strong> <strong>Form</strong><br />
What is the purpose of this form?<br />
If you do not have access to usaa.<strong>com</strong>, you may use this form to update cost basis information for your <strong>USAA</strong> <strong>Brokerage</strong> Account.<br />
<strong>Cost</strong> basis information may be provided for equities, fixed in<strong>com</strong>e securities, mutual funds, options and other investment types.<br />
<strong>USAA</strong> Investment Management Company (<strong>USAA</strong>) is not responsible for the accuracy of cost basis information that a customer<br />
provides using this update form. However,<br />
<strong>USAA</strong> will be held responsible for basis related information for securities acquired after the effective date(s) of the regulation that<br />
mandates cost basis reporting for financial institutions. As a result, this form cannot be used to update cost basis on securities<br />
acquired after the following effective dates*:<br />
Security Types<br />
Effective Date<br />
Individual stocks January 1, 2011<br />
Mutual funds January 1, 2012<br />
All other security types, including Bonds and Options January 1, 2013<br />
What information can I use to help me determine my cost basis?<br />
The most <strong>com</strong>plete and accurate information should be located on your trade confirmation and on your brokerage account<br />
statement.<br />
Is my cost basis the original purchase information?<br />
<strong>Cost</strong> basis is generally defined as the original purchase price of a security, adjusted for fees, corporate actions, wash sales, return<br />
of capital distributions, and other tax related adjustments. If you acquired the security by gift, inheritance, as a distribution from a<br />
retirement account or a trust, then your basis determination will be more <strong>com</strong>plex and you should consult with your tax advisor for<br />
your specific situation.<br />
How do I update cost basis for mutual fund shares?<br />
If you are providing mutual fund cost basis you may enter each lot individually or you may <strong>com</strong>bine your long-term lots into one<br />
lot. Entering short-term lots individually is necessary in order to retain accuracy in calculations of short-term and long-term capital<br />
gains. Average cost basis tracking for mutual funds will take into account short-term and long-term lots, when applying average<br />
costing rules.<br />
How do I update my cost basis using this form?<br />
<strong>Cost</strong> basis can be updated by <strong>com</strong>pleting the Personal and Security Information sections of this form. The following illustration<br />
provides an example of what type of information should be included.<br />
Action Trade Security Symbol or Quantity Price <strong>Cost</strong><br />
Date Name Cusip Per Share<br />
P<br />
Add<br />
Correct<br />
P<br />
Add<br />
Correct<br />
P<br />
Add<br />
Correct<br />
05/18/2000 General Electric GE/123456789 100 $30.00 $3,024.95<br />
02/01/2003 Cornerstone Fund USCRX 172.754 $20.26 $3,500.00<br />
09/16/2004 Time Warner Inc. 7.75% 315AN9/887315AN9 80,000 $100.625 $80,765.00<br />
Note for bonds: Quantity equals the face amount of the bond. Total cost should not include accrued interest.<br />
* You may use this form for securities transferred in from another institution that have acquisition dates after the effective dates<br />
of the regulation. If <strong>USAA</strong> subsequently receives a <strong>Cost</strong> <strong>Basis</strong> Statement from the other institution, <strong>USAA</strong> will rely on the<br />
information contained on the <strong>Cost</strong> <strong>Basis</strong> Statement and will override any information we have on file.<br />
<strong>USAA</strong> Investment Management Company m 800-531-<strong>USAA</strong> (8722) m Fax 800-292-8177 m usaa.<strong>com</strong><br />
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Personal Information<br />
Registered Owner(s) as printed on statement<br />
<strong>USAA</strong> Number<br />
Residence Phone Number (include area code) Business Phone Number (include area code) <strong>Brokerage</strong> Account Number<br />
Security Information<br />
Please check the appropriate Action box.<br />
Add new cost basis information OR Correct existing cost basis information<br />
Action Trade Security Symbol or Quantity Price <strong>Cost</strong><br />
Date Name Cusip Per Share<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
Add<br />
Correct<br />
The signatures of ALL registered owners/authorized agents are required.<br />
x<br />
Registered Owner/Authorized Agent<br />
Date (mm/dd/yy)<br />
x<br />
Registered Owner/Authorized Agent<br />
Date (mm/dd/yy)<br />
The cost basis figures you provided are for informational purposes only and will not be reported to the IRS. We have<br />
not independently verified this information; therefore, the accuracy of the basis information provided to you cannot<br />
be guaranteed. Consult your tax advisor regarding your specific situation prior to using information for your tax<br />
reporting purposes.<br />
For more details about cost basis and your securities, please refer to IRS publication 550 Investment In<strong>com</strong>e and Expenses<br />
(Including Capital Gains and Losses) and IRS publication 551 <strong>Basis</strong> of Assets at www.irs.gov.<br />
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