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Why did I receive a cost-basis allocation factor for unit investment trust (UIT) securities held in my brokerage account?

April 26, 2017allocation cost-basis Factor held Investment securities Trust UIT

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Why did I receive a cost-basis allocation factor for unit investment trust (UIT) securities held in my brokerage account?

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As a result of recent regulatory changes, brokerage firms must provide information necessary for you to report cost-basis information related to certain unit investment trusts. We fulfill this requirement by providing a cost-basis allocation factor. Refer to the Vanguard Brokerage Tax Information Statement reference guide for more information.