Test your cost basis knowledge

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Across
  1. 4. The original value of an asset; usually the purchase price of the security.
  2. 6. Cost basis method where shares purchased first (the oldest shares in the account) are the first shares sold.
  3. 9. A return of some or all of an investment in the stock of the company. Reduces cost basis.
  4. 12. Examples include stock splits, mergers, and spin offs.
  5. 13. This method calculates an Average Cost per share by dividing the total of all investments by the total number of shares in the account.
  6. 15. Cost basis method where shares purchased at the highest price per share are the first shares sold.
  7. 16. Shares that Vanguard is required to report to the IRS.
  8. 18. shares purchased by a shareholder on or before December 31, 2011.
  9. 19. Shares held for a year or more.
Down
  1. 1. Occurs when an investor sells a security at a loss but then purchases the same (or a similar) security within 30 days of the sale.
  2. 2. Separating covered from noncovered shares.
  3. 3. Cost basis method where shares purchased last (the newest shares in the account) are the first shares sold.
  4. 5. The person who receives the securities transferred from a deceased clients account.
  5. 7. A bond is an example of a _____ Security.
  6. 8. Entering missing cost basis information into wave upon the clients request.
  7. 10. Adjusting the cost basis of a security to the market value on the date the account holder died.
  8. 11. Cost basis method where shares are selected by the shareholder each time shares are sold.
  9. 14. Shares held for less than a year.
  10. 17. This type of account cannot be stepped up.
  11. 20. A transfer of shares between spouses cannot be codded as a ____.