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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 basis COST Factor 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?

1 Answer

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10 Posted

As a result of recent regulatory changes, brokerage firms must provide information necessary 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 and Pershing Tax Guides for more information.