Taxation
True or False: The tax consequence of going from a retirement account to non-retirement account is taxable.
What is True?
The tax form that determines any taxes due on your investment income.
What is the 1099 div?
Foundational assists with this type of upgrade.
What is merge to existing?
This is what AWD stands for.
What is automated work distributor?
This is what is needed when bank and vanguard account holders don't match on the bank form.
These are the three cost basis methods available to vanguard mutual funds.
What is FIFO, SPEC ID, and Average Cost?
You will receive this tax form if you have possibly done this types of transactions:
Converted to a Roth IRA.
Recharacterized a contribution.
What is the 1099 R?
This type of upgrade onboarding will assist with.
What is expand?
Crave is a mix of these two words.
What is chrome and wave?
This is what is needed to update a tax id number if vanguard did not make mistake for the client.
What is a w-9?
True or False: When moving from Fund A to Fund A from a non-retirement account to another non-retirement account that is taxable.
What is False?
This tax form is typically available mid-May?
What is the 5498?
The form that I client may need to fill out post upgrade because the banks may no longer be authorized.
What is the Updated Bank Authorization Agreement form?
This option in crave pulls up a second window for you to look at the same profile of a client you are already looking at.
What is New Window?
The 3 types of automatic plans we offer for clients.
What is AWP, AIP, and AES?
These are the clients 2 options to elect a cost basis method.
What is by mailing a form or electing online?
This is the tax form that would generate if you took a distribution from an ESA or 529?
What is a 1099Q?
What are merge, expand, and merge to existing?
This system vanguard hopes will replace AWD.
What is BPM?
What is false?
A type of dividend in which the payment year and the taxable year occur at different times, typically different years as well.
What is spillover dividend?
This the number of tax forms that would be generated for 1 account registration the year you upgraded.
What is 2 tax forms for one registration?
If a client had CWR then upgraded how many days is the old CWR checks good for.
What is 90 days?
This is what NT in NT form stands for.
What is new technology?
The email group you can reach out to when experiencing issues with BPM.
What is BPM Program?