You may have noticed that you did not receive a capital gains and loss report in your packet of quarterly account information. Due to recent tax law changes related to the annual reporting of capital gains and losses on fixed income instruments purchased at a discount or premium to par value, this information will now be prepared and sent to you by the custodian of your assets. You will see all your capital gains and loss information (including cost basis data) contained in the 1099 you will receive shortly after year-end. Please note, however, that we will continue to maintain cost basis records and capital gains and loss data for all our managed accounts. If you need this information at any time prior to year-end, please do not hesitate to contact your portfolio manager.
Apr 11 20130 comments
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