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We value your privacy. We may collect personal information from you such as identifying information (name, address, driver's license number), transactional information (products or services purchased and payment history), digital network activity (interactions with our website, IP address), geo-location data, audio recordings and other forms of personal information. We use this information for business, marketing and commercial purposes, including but not limited to, providing the products and services you request, processing your claims, protecting against fraud, maintaining security, confirming your identity and offering you other insurance and financial products.
For California residents, click here to view the full version of the California Consumer Privacy Notice.Para español, haga clic aquí para ver la versión completa del Aviso de Privacidad del Consumidor de California. Read less
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Cost basis is defined as the price you pay for an asset. It is used to determine the amount of gain or loss you will realize if you sell the asset. If a gain is realized, you may owe federal and state income taxes. If a loss is realized, you may be able to deduct the loss on your income tax return. Cost basis reporting applies only to covered shares of non-tax qualified accounts including:
The Economic Stabilization Legislation, signed into law in October of 2008, requires mutual funds to report cost basis information to shareholders and the IRS beginning January 1, 2012.
When opening a new account, you have the option to choose from the following cost basis accounting methods:
When you open a new non-tax qualified account, you will need to select a cost basis method.
Securities distributed by State Farm® VP Management Corp.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
Neither State Farm® nor its agents provide tax or legal advice.