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Taxes and Cost Basis FAQs


1. How can I get a duplicate tax form (1099DIV, 1099B, 1042)?
If your company offers account access through www.shareowneronline.com, you may view and print the previous year's tax forms online. You may also obtain a duplicate form by calling our Shareowner Relations Department. Both the automated phone system and a customer service representative can request a form that will be mailed within two business days. If you need a duplicate tax form that dates before the previous tax year, please submit that request in writing along with a check for $7.50 to our Shareowner Relations Department. Back to Top
2. How do I calculate my cost basis so I can determine my capital gain or loss?
When you sell stock, you will need to determine your capital gain or loss. Capital gain/loss is the difference between your purchase and sale price. However, many factors can affect gain or loss, so we recommend you contact a tax advisor or the IRS for assistance with this calculation.

Before any calculations can be made, you will need to determine your cost basis by determining the original price of the stock when you obtained it. It will be necessary to review your original purchase records. If you purchased the stock from a broker, you may be able to obtain that information from them. If you received statements reflecting your share ownership through a Direct Purchase or Dividend Reinvestment Plan, the purchase information should be reflected in those statements.

You may also need to make adjustments to this price if the company has gone through a corporate action (stock split, reverse stock split, merger, acquisition, etc.). Back to Top
3. I have already transferred or sold my shares, why did I get a 1099DIV?
If you were a registered holder on a dividend record date, Wells Fargo Shareowner Services would have paid you a dividend and that dividend would be reportable on a 1099DIV. The 1099DIV will reflect only the dividends paid to the registered holder prior to a transfer or sale. Back to Top
4. Why did you withhold tax?
We are required to withhold taxes on dividends for anyone that does not have a certified Tax Identification Number (TIN) or Social Security Number (SSN) on our records. If you would like to send us a W-9 or W-8BEN so you can certify your TIN or SSN, please print the online form and send it to us. We are also required to withhold taxes on anyone for whom the IRS has sent us a B notice or a C notice. Back to Top
5. Why did I get two separate 1099DIVs?
If you were a registered holder on a dividend record date, Wells Fargo Shareowner Services would have paid you a dividend and that dividend would be reportable on a 1099DIV. That 1099DIV would reflect only the dividends paid to the registered holder prior to the transfer or sale. If you transferred your account during the year, you would receive a second 1099DIV for dividends paid under the new registration. Back to Top