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Understanding Your IRS Form 1099-B - USAA

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<strong>Understanding</strong> <strong>Your</strong> <strong>IRS</strong> <strong>Form</strong> <strong>1099</strong>-BWall Street Concepts2013 <strong>1099</strong>-B*Proceeds from Broker and Barter Exchange TransactionsCategory A – Short-term cost basis reported to the <strong>IRS</strong>(continued)1c - SHORT-TERM TRANSACTIONS 6 - COVERED tax lot for which cost basis is reported to the <strong>IRS</strong>**Report on <strong>Form</strong> 8949, Part I, with Box A checked8 - Description / CUSIP / 1d - SymbolThese columns are not reported to the <strong>IRS</strong>1a - Date of Saleor exchange1e - Quantity2a - Proceeds of #stocks, bonds, etc.1b - Date ofacquisition3 - Cost orother basis5 - Wash SaleLoss Disallowed Gain or loss Additional InformationWESTERN UNION CO / CUSIP: 959802109 / Symbol: WU12/12/13 600.000 7,932.30 07/20/13 10,045.16 ... -2,112.86 Sale C12/13/13 170.000 2,241.43 07/20/13 2,846.13 ... -604.70 Sale CSecurity total: 10,173.73 12,891.29 0.00 -2,717.56WISCONSIN ENERGY CORP / CUSIP: 976657106 / Symbol: WEC11/20/13 32.000 1,166.37 06/26/13 1,248.05 ... -81.68 Sale CZYGO CORP / CUSIP: 989855101 / Symbol: ZIGO10/25/13 250.000 4,457.39 02/03/13 3,919.13 ... 538.26 Sale C11/09/13 250.000 4,364.90 02/03/13 3,919.13 ... 445.78 Sale CSecurity total: 8,822.29 7,838.26 0.00 984.04WEATHERFORD INTL LTD / CUSIP: H27013103 / Symbol: WFT11/09/13 210.000 2,266.10 03/22/13 3,595.99 ... -1,329.89 Sale CTotals: 176,093.58 174,009.14 0.00 2,084.46Page 17 of 74Account DEMO-<strong>1099</strong>-2013OMB No. 1545-0715• These are your “covered” security trades, representing securities that were purchased in 201 1or after and subsequently sold.SHORT-TERM TRANSACTIONS 6 - NONCOVERED tax lot for which cost basis is NOT reported to the <strong>IRS</strong>**Report on <strong>Form</strong> 8949, Part I, with Box B checkedPage 9 of 628 - Description / CUSIP / 1d - SymbolThese columns are not reported to the <strong>IRS</strong><strong>USAA</strong> 1a - FEDERAL Date of SaleSAVINGS BANK2a - Proceeds of # Date ofCost or Wash SaleAccount 10029775<strong>USAA</strong> or exchange INVESTMENT MANAGEMENT 1e - Quantity CO stocks, bonds, etc. acquisitionother basis Loss Disallowed Gain or loss Additional InformationProceeds from Broker and Barter Exchange Transactions201311/29/13 <strong>1099</strong>-B*22.182 276.38 12/20/12 (continued) 278.16 ... -1.78 OMB Sale No. 1545-0715ALLIANZ NFJ MID CAP CL A / CUSIP: 018920587 / Symbol:Category B – Short-term cost basis not reported to the <strong>IRS</strong>FT These UT2946MRCELSHLRM are your /“noncovered” CUSIP: 30277Q4776 /- Symbol: COVERED security tax trades, lot for which representing cost basis is reported securities to the <strong>IRS</strong>** that were purchased before 201 1 and12/31/13 0.362 2.90 03/26/13 3.00 ... -0.10 Sale Csubsequently sold. <strong>USAA</strong> provides the cost basis information (if available) for noncoveredThese columnstransactionsare not reportedonto the <strong>IRS</strong><strong>Form</strong>FHLMC 1a - Date PC of GOLD Sale COMB 30 5 1/2% 03/01/40 / CUSIP: 2a 3128M8A87 - Proceeds / Symbol: of # 1b - Date of3 - Cost or 5 - Wash saleor <strong>1099</strong>-B 01/31/13 exchangefor your information 1e - Quantity 0.000 stocks, only. bonds, For 1,429.69 noncovered etc. acquisition02/07/12 securities, <strong>USAA</strong> other 1,513.90 basis will loss not disallowed report ... basis Gain information -84.21 loss(-) Principal Additional payment to information the <strong>IRS</strong>.1c - SHORT-TERM TRANSACTIONSReport on <strong>Form</strong> 8949, Part I, with Box A checked8 - Description / CUSIP / 1d - SymbolVALE SA / CUSIP: 91912E105 / Symbol: VALE (cont'd)FHLMC PC GOLD COMB 4 1/2% 02/01/41 50.000/ CUSIP: 312945SX7 / 817.89 Symbol: 06/12/13 692.70 0.00 125.19 SaleThis 01/31/13 category is divided into two sections: 130.80 one 04/07/12 for positions with 132.28 complete basis ... information -1.48and Principal one payment for50.000 817.90 06/20/13 679.95 0.00 137.95 Sale02/28/13 50.000 0.000 817.89 79.32 06/24/13 04/07/12 651.95 80.22 0.00 ... -0.90 165.94 Principal Sale paymenttransactions with missing basis information.11/01/13 250.000 4,089.47 VARIOUS 3,430.55 0.00 658.92 Total of 4 lotsPage 5 of 23<strong>USAA</strong> * This FEDERAL is important SAVINGS tax information BANKTotals: and is being furnished to 70,663.44 the Internal Revenue Service. If you are required 60,579.96 to file a return, a negligence 11.98 penalty or other 10,095.46 sanction may be imposed on youif this income is taxable and the <strong>IRS</strong> determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax Account returns. 15078587<strong>USAA</strong> **For NONCOVERED INVESTMENT lots, MANAGEMENT values for Date of CO acquisition, Proceeds Cost or other basis from and Broker Wash sale loss and disallowed Barter are Exchange provided for your Transactionsreference and are NOT reported to the <strong>IRS</strong>.# Less commissions.2013 <strong>1099</strong>-B*SHORT-TERM TRANSACTIONS(continued)6 - NONCOVERED tax lot for which cost basis is NOT reported to the <strong>IRS</strong>**OMB No. 1545-0715Report LONG-TERM on <strong>Form</strong> 8949, TRANSACTIONSPart I, with Box B checked 6 - NONCOVERED tax lot for which cost basis is NOT reported to the <strong>IRS</strong>**8 Report - Description <strong>Form</strong> 8949, / CUSIP Part II, / 1d with - Symbol Box E checkedThese columns are not reported to the <strong>IRS</strong>8 - 1a Description - Date of Sale / CUSIP / 1d - Symbol2a - Proceeds of # Date ofCost These or columns Wash are not sale reported to the <strong>IRS</strong>or exchange1e - Quantity stocks, bonds, etc.1a - Date of Sale2a - Proceeds of # acquisitionother basis loss disallowed Gain or loss(-) Additional informationDate ofCost or Wash saleCHENIERE or exchange ENERGY PARTNERS 1e LP - Quantity FOOTNOTE: B,E,S stocks, / CUSIP: bonds, 16411Q101 etc. / Symbol: acquisition CQPother basis loss disallowed Gain or loss(-) Additional informationFEDERAL NATL MTG ASSN FNR 8 tax 2002-33 lots for MM 10/25/13. 6.25% Total 6/25/32 proceeds REMIC (and / CUSIP: cost when 31392DBM3 required) / reported Symbol: to FNDBM3 the <strong>IRS</strong>. (cont'd)05/28/13 1,000.000 9.048 1,000.00 282.46 11/14/12 05/31/02 1,003.75 170.21 0.00 0.00 112.25 -3.75 Sale Redemption06/25/13 1,000.000 7.291 1,000.00 227.61 02/14/13 05/31/02 1,003.75 174.05 0.00 0.00 53.56 -3.75 Sale Redemption07/25/13 1,000.000 6.261 1,000.00 195.45 05/15/13 05/31/02 1,003.75 177.15 0.00 0.00 18.30 -3.75 Sale Redemption08/26/13 1,000.000 6.498 1,000.00 202.85 08/14/13 05/31/02 1,003.75 179.81 0.00 0.00 23.04 -3.75 Sale Redemption10/25/13 1,000.000 25.000 1,000.00 780.44 08/30/13 05/31/02 1,003.75 668.45 0.00 0.00 111.99 -3.75 Sale RedemptionSecurity total: 25.000 6,000.00 780.44 09/10/13 6,022.50 667.20 0.00 0.00 113.24 -22.50 Sale0.583 18.20 09/18/13 15.30 0.00 2.90 SaleTotals: 24.417 113,458.64 762.24 09/18/13 117,651.08 640.65 0.00 -4,192.44 121.59 Sale10/25/13 104.098 3,249.69 VARIOUS 2,692.82 0.00 556.87 Total of 8 lotsComplete basis informationMissing basis informationENERGY UNDETERMINED-TERM TRANSFER PARTNERS TRANSACTIONSLP FOOTNOTE: B,E,O 6 / - CUSIP: NONCOVERED 29273R109 / Symbol: tax lot for ETPwhich cost basis is NOT reported to the <strong>IRS</strong>**Consult your investment records for 10 the tax cost lots basis for and/or 01/17/13. the date Total of proceeds acquisition (and to determine cost when whether required) the transactions reported to in the this <strong>IRS</strong>. section are long-term or short-term.Report on <strong>Form</strong> 8949. Use either Part I with25.000Box B checked or Part II with1,173.49Box E checked.02/08/12 1,168.45 0.00 5.04 Sale8 - Description / CUSIP / 1d - Symbol25.000 1,173.48 02/09/12 1,168.45These columns are not0.00reported to the <strong>IRS</strong>5.03 Sale1a - Date of Sale0.312 2a - Proceeds 14.65 of #02/14/12 Date ofCost 14.72 or Wash 0.00 sale-0.07 Saleor exchange1e - Quantity0.635stocks, bonds,30.13etc.02/14/12acquisitionother29.97basis loss disallowed0.00Gain or loss(-)0.16 SaleAdditional informationGOVERNMENT NATIONAL MORTG ASSN 50.0005.5% 12/20/32 GNR 2,372.29 2002-88 LG REMIC 03/14/12 / CUSIP: 38373YNL4 / Symbol: 2,343.45 GNYNL40.00 28.84 Sale08/30/13 25.000 0.000 1,186.14 96.63 05/14/12 N/A 1,168.45 ... 0.00 ... 17.69 ... Sale Principal payment09/30/13 2.908 0.000 137.97 90.61 05/15/12 N/A 134.91 ... 0.00 ... 3.06 ... Sale Principal payment10/31/13 0.000 125.38 N/A ... ... ... Principal payment11/29/13 0.000 76.58 N/A ... ... ... Principal payment* This is important tax information Security total: and is being furnished to the 389.20 Internal Revenue Service. If you are required to file 0.00a return, a negligence 0.00 penalty or other 0.00 sanction may be imposed on youif this income is taxable and the <strong>IRS</strong> determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).**For NONCOVEREDFor sometax lots,mutualvalues Totals: forfund"Date of acquisition,"transactions,"Cost 389.20 or otherwherebasis" andthe"Washdatesale lossofdisallowed"acquisitionare 0.00 providedisfor“unknown”your reference 0.00 andorare“various”,NOT reported 0.00 toyouthe <strong>IRS</strong>.# Less commissions.shouldrefer to your historical documents to determine if the transaction’s holding period qualifies as long-termor short-term.* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on youif this income is taxable and the <strong>IRS</strong> determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).**For NONCOVERED tax lots, values for "Date of acquisition," "Cost or other basis" and "Wash sale loss disallowed" are provided for your reference and are NOT reported to the <strong>IRS</strong>.# Less commissions.2

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