Cost basis is the total amount that you pay to buy a security. It includes the price of the security, plus adjustments for broker commissions, fees, wash sales, corporate action events, and other items that may affect your investment. You need cost basis information for tax purposes—it is used to calculate your gain or loss when the security is sold.

If you purchased your shares on the tZERO Securities platform, your cost basis will be automatically calculated for you. tZERO uses the First In, First Out (FIFO) tax lot method, and if you wish to report differently to the IRS we advise speaking with a tax specialist.

If you acquired shares through a fundraising round and you transferred your shares from a transfer agent into your tZERO Securities account, you will be asked during the transfer process to confirm your cost basis information.

For questions regarding your Secondary Trading account, contact support@tzero.com

For questions about investing in a Primary Issuance, contact investor_support@tzero.com