Cost Basis
Retirement Accounts
VO TAX Docs
Fund Info
Tax Season WF
100
We can not use this Lot Relief Order for SLRO
What is Specific Share Indentification (SSI)
100
Shareholders will receive this tax document in May if there was contribution/rollovers into their accounts.
What is a 5498
100
This tax document is only for fund accounts whose primary shareholders are non-resident aliens
What is the 1042-S
100
Despite it's name, this is not applicable to the Franklin US Government Securities fund?
What is Direct U.S. gov't obligations
100
Using DXR we can go back to the T-Cap statements going as far back as this year.
What is 2001
200
This is the acronym for lowest in- first out
What is LOFO
200
The shareholder has how many days to roll funds back to an IRA without tax consequences?
What is 60 days
200
FT will not issue a 1099B for exchanges or redemptions for these type of funds?
What are Money Funds
200
This amount reflects the portion of a fund's distribution of Ordinary Dividends that may be eligible for the 15% tax rate for individuals (0% for lower tax bracket taxpayers)
What is Qualified Dividend Income
200
Previous account statements can be provided to an FA on omnibus accounts only if the current firm faxes a recent brokerage statement showing 1) Shares are still held in the omnibus account with the advisor (firm) and this.
What is the authorized party on the omnibus account and previous FT account is exactly the same
300
For this method, the shareholder must divide the cumulative cost of all shares in the account (including reinvested distributions) by the total number of shares held at the time of the sale or redemption
What is Average Cost Method (ACM)
300
For the 1099R, if this box is checked, then Franklin Templeton was unable to determine the taxable amount and Box 2a should be blank.
What is Box 2b
300
Franklin is not required to produce a 1099INT, 1099 DIV, 0r a 1099B is the amount is under what dollar amount?
What is $10
300
These amounts represent the foreign taxes paid and foreign source income as designated by the fund that are allocated to shareholders of record.
What is Foreign Tax Credit Information
300
Taxpayers can direct their tax refunds to a maximum of three accounts using this IRS Form.
What is Form 8888.
400
Under this rule, the basis of depreciated shares is not determined until the time of disposition of the gifted shares
What is the Dual Basis Rule.
400
It is important to note that the IRS considers rollovers in terms of all accounts under one plan. The IRS also considers "plans" to be specific to each of these.
What is custodian
400
Box 1A of the 1099 DIV is the total of all taxable ordinary income dividends. It includes interest, dividends, short-term capital gains and other types of ordinary income (held less than a year) and This
What is the foreign tax paid (if any)
400
This fund may be tax-free from both Federal and several State taxes since it is invested in US territories.
What is Franklin Double Tax-Free Fund.
400
If an interested party calls to request tax documents be sent directly to the shareholder at the address of record, we should verify the name and relationship of caller, the shareholder's full name and this.
What is the last four digits of the shareholder's SSN/TIN
500
If a choice is not made at the time of the Transaction, the tax lots will go according to this.
What is the account's Standing Lot Relief Order (SLRO)
500
Beginning in 2010, the maintenance fee is assessed from the account with this.
What is the highest dollar value
500
This was designed by the federal government to insure that no taxpayer with substantial income can avoid significant tax liability by using tax exclusions, deductions, and credits
What is the Alternative Minimum Tax?
500
This percentage represents the amount of ordinary dividends paid (including short-term capital gains distributions) during the fund's fiscal year, as income qualifying for the dividends-received deduction
What is Dividends-Received Deduction
500
Historical statement cases that are being sent by email should auto-transfer to this workbasket.
What is WBSTEM
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