Cost basis information for Natixis Funds shareholders
As part of the Emergency Economic Stabilization Act of 2008, we began providing cost basis information to you and the IRS on mutual fund shares purchased and sold after January 1, 2012.
How this affects your account
Shares purchased prior to January 1, 2012 are referred to by the IRS as "non-covered shares".
These non-covered shares will be reported on your Form 1099-B, but we are not required to provide their cost basis information to the IRS.
Shares purchased after January 1, 2012 are referred to by the IRS as "covered shares."
These covered shares will be reflected on your Form 1099-B and we will report their cost basis to the IRS. For more information on this, and the different methods available, please call us at 800-225-5478 or go to 1costbasissolution.com.
The IRS web site is also a good resource at irs.gov
We will report cost basis information to both you and the IRS (for covered shares only) on the Form 1099-B that you will receive in February. The form is separated into sections. These sections are based on whether the shares you sold were held long- or short-term and whether or not we are reporting the cost basis information to the IRS.