What is a Cost Basis Statement (CBS)?
Whenever you sell, redeem or exchange shares of your Franklin Templeton fund, you generally have a capital gain or loss transaction that must be reported to the IRS on Form 1040, U.S. Individual Income Tax Return, Schedule D, Capital Gains and Losses. The CBS summarizes the average cost basis of the shares and determines, based on the average basis-single category method, the amounts of capital gain or loss generated from sales, exchanges or redemptions of your Franklin Templeton fund shares during the year.
