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cost basis resource center

Cost Basis Summary

In October 2008, as part of the Emergency Economic Stabilization Act of 2008, Congress enacted new regulations that require financial institutions to report cost basis information and holding periods to the Internal Revenue Service (IRS). As a result, shareholders that purchase mutual fund shares on or after January 1, 2012, and that are redeemed on or after that date, will have their cost basis information reported to the IRS as part of Tax Form 1099-B. Learn more about the regulations.

How to Elect a Cost Basis Method

As a shareholder, you may elect from among several IRS-accepted cost basis reporting methods by accessing your account online or completing an election form. (Once you login, hover over the "Account Options" tab at the top of the screen and click "Cost Basis.") If you do not have online account access, you can establish access now. You should consult your tax advisor to determine the best IRS-accepted cost basis method for your tax situation and to obtain more information about how the new cost basis reporting rules apply to you.

Tax Information
View IRS information about the cost basis regulation.

http://www.irs.gov/taxpros/article/0,,id=237099,00.html

http://www.irs.gov/pub/irs-irbs/irb10-47.pdf

Frequently Asked Questions
View answers to your most commonly asked questions.

Contact Us
To speak with a Dreyfus representative for additional information, please call
1-800-645-6561, Monday through Friday, between the hours of 9:00 AM and 6:00 PM E.T.

or

Please send correspondence relating only to your Cost Basis Election to:

Dreyfus Shareholder Services
P.O. Box 9870
Providence, RI 02940-8079


This information is general in nature and not intended to constitute tax advice. Please consult your tax advisor for more detailed information on tax issues and advice on your specific situation.