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Tax reporting changes for 2012



Title: Tax reporting changes for 2012
  Review changes for cost basis reporting View in your browser | View on your mobile device
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  Your brochure regarding cost basis reporting

The Internal Revenue Service (IRS) continues to move forward with changes to how financial services companies track and report cost basis. The first phase, which applied to stocks1, was effective on Jan. 1, 2011. The next phase, beginning Jan. 1, 2012, will extend these new rules to mutual funds.

Please review the brochure insert for a summary of changes coming in 2012.

For an expanded reference on cost basis tracking and reporting changes from 2011 to 2013, please visit us at ameriprise.com/costbasis.

If you have questions about cost basis reporting, please contact your advisor or call customer service at 1 (800) 862-7919.


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  1 The first investments covered by the new IRS reporting requirements in 2011 include stocks, preferred stocks convertible to common stock, exchange-traded funds (ETFs) and real estate investment trusts (REITs), provided the shareholder has elected to NOT participate in a dividend reinvestment plan (DRP).
2 Investments subject to the reporting requirements in 2012 will be mutual fund shares and investments which are part of a dividend reinvestment plan.

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