Guide To Your USAA Investment Management Company Understanding Your USAA Mutual Fund IRS Form 1099-B For Tax Year 2013

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1 Guide To Your USAA Investment Management Company Understanding Your USAA Mutual Fund IRS Form 1099-B For Tax Year IRS Form 1099-B Proceeds from Brokers and Barter Exchange Transactions The amounts indicated in this section of your Tax Information Statement reflects proceeds and basisrelated information (when available) from security transactions such as sales, redemptions, tender offer, maturities, etc. What has changed on the USAA Mutual Fund IRS Form 1099-B? In the past, USAA provided one separate IRS Form 1099-B for each USAA mutual fund that had an IRS reportable redemption during the tax year. Due to IRS reporting changes outlined below, USAA will now provide one consolidated IRS Form 1099-B for all reportable mutual fund redemptions done in an account. In order to accommodate the increased reporting requirements, your IRS Form 1099-B will now be presented using a landscape view. New Reporting Rules Starting in 2011, new IRS reporting rules require brokers to report gross proceeds and basis related information for sales of certain securities acquired after 2010 to the taxpayer and to the IRS. The new reporting rules are staggered based on security-types, as follows: Jan. 1, for individual stocks Jan. 1, 2012 for mutual funds Jan. 1, 2014 for bonds, options and other securities Securities acquired on or after these effective dates are referred to as covered securities because they are covered under the new law mandating basis reporting. Securities acquired before the effective dates are referred to as noncovered securities and there is no IRS requirement for brokers to report basis-related information to the IRS for such securities. Trade Date versus Settlement Date We report sales of USAA Mutual Funds to the IRS, on a trade date basis, on IRS Form 1099-B. Accordingly, you should report transactions on a trade date basis. Explanation of Information Presented on IRS Form 1099-B for USAA Mutual Funds The IRS Form 1099B includes sections that include a summary page, income tax withheld and trading activity. Summary of Gains and Losses These amounts are for informational purposes. Cost basis totals include only amounts that were available to us. Refer to the appropriate detail pages for more information regarding your redemption activity. Income Tax Withheld from any redemption activity will be reflected here. Trading activity This section is broken up into four categories: (1 ) Category A short-term covered securities where basis is reported to the IRS. (2) Category B short-term noncovered securities where basis is NOT reported to the IRS. (3) Category D long-term covered securities where basis is reported to the IRS. (4) Category E long-term noncovered securities where basis is NOT reported to the IRS. This document is not legal, tax, or investment advice. Consult your tax and legal advisers regarding your specific situation. 1

2 Understanding Your IRS Form 1099-B Category A Short-term cost basis reported to the IRS Category B Short-term cost basis NOT reported to the IRS These are your noncovered security trades, representing securities that were purchased before 2012 and subsequently sold. USAA provides the cost basis information (if available) for noncovered transactions on IRS Form 1099-B for your information only. For noncovered securities, USAA will not report basis information to the IRS. This category is divided into two sections: one for positions with complete basis information and one for transactions with missing basis information. Complete basis information Missing basis information For some mutual fund transactions, where the date of acquisition is unknown or various, you should refer to your historical documents to determine if the transaction s holding period qualifies as long-term or short-term. 2

3 Understanding Your IRS Form 1099-B Category D Long-term cost basis reported to the IRS Category E Long-term cost basis NOT reported to the IRS These are your noncovered security trades, representing securities that were purchased before 2012 and subsequently sold. USAA provides the cost basis information (if available) for noncovered transactions on IRS Form 1099-B for your information only. For noncovered securities, USAA will not report basis information to the IRS. This category is divided into two sections: one for positions with complete basis information and one for transactions with missing basis information. Complete basis information Missing basis information For some mutual fund transactions, where the date of acquisition is unknown or various, you should refer to your historical documents to determine if the transaction s holding period qualifies as long-term or short-term. 3

4 Understanding Your IRS Form 1099-B Each page includes a number of s displaying details related to each transaction. Date of Sale - Transactions are reported by trade date and each is reported separately to the IRS. Accordingly, you should report each transaction separately on your tax return to avoid a mismatch with the IRS. Quantity - This amount represents the number of shares sold. Proceeds - Gross proceeds of sale. Date of Acquisition - This represents the date you acquired the shares and is used to determine your holding period for the purpose of determining short-term or long-term classification. Investments that were held for more than a 12-month period qualify as long-term. Note: For mutual funds purchased before 2012, the only tax accounting method available with USAA is average cost. Please consult your tax advisor before using this or another permissible method. Gain or Loss - This represents the difference between the transactions proceeds and your cost or other basis. An exception to this rule occurs when the transaction was involved in a wash sale causing a loss deferral. Reporting your holding Period Date of Acquisition - This is used to determine your holding period for the purpose of determining short-term or long-term classification. Investments that were held for more than a 12-month period qualify as long-term. In the event your exact purchase date is not available, the 1099B will reflect: Various - The exact date of each purchase is not known, but basis information is available. You will need to use your statements to determine how many of the shares sold were held for more or less than one year. Unknown - USAA does not know the cost basis information on shares sold. You should refer to historical statements to determine cost basis information and if you cannot obtain the data needed, you should seek professional tax advice to determine how to report your cost basis information to the IRS. 4

5 IRS Form 8949 Beginning for tax year 201 1, trading activity is reported to the IRS using IRS Form 8949, Sales and Other Dispositions of Capital Assets. Totals from this form are entered on the newly revised Schedule D, Capital Gains and Losses. A separate version of IRS Form 8949 will need to be completed for the different transaction types: Reporting your trading activity Category A, short-term covered mutual funds where basis is reported to the IRS. Category B, short-term noncovered mutual funds where basis is NOT reported to the IRS. Category D, long-term covered mutual funds where basis is reported to the IRS. Category E, long-term noncovered mutual funds where basis is NOT reported to the IRS. To assist you with your tax preparation our 1099-B design includes a Supplemental Information section that presents a Summary of Gains and Losses summing up the totals of these four categories. NOTE: USAA does not report carryover losses to the IRS. Form 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return Form 8949 Sales and Other Dispositions of Capital Assets Information about Form 8949 and its separate is at Attachment File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Sequence No. 12A Social security number or taxpayer identification number Sales and Other Dispositions of Capital Assets Information about Form 8949 and its separate is at Most Department brokers of the issue Treasury their own substitute statement instead of using Form 1099-B. They also may provide basis information (usually your Attachment cost) to you on Internal Revenue Service File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. the statement even if it is not reported to the IRS. Before you check Box A, B, or C below, determine whether you received any statement(s) Sequence and, No. 12A if so, the Name(s) transactions shown for return which basis was reported to the IRS. Brokers are required to report basis Social to the security IRS for number most stock or taxpayer you bought identification in 2011 number or later. Part I Short-Term. Transactions involving capital assets you held one year or less are short term. For long-term Most brokers issue transactions, their own substitute see page statement 2. instead of using Form 1099-B. They also may provide basis information (usually your cost) to you on the statement even if it is not reported to the IRS. Before you check Box A, B, or C below, determine whether you received any statement(s) and, if so, the transactions Note. for which You basis may was aggregate reported to all the short-term IRS. Brokers transactions are required to report reported basis on to the Form(s) IRS for 1099-B most stock showing you bought basis in 2011 was or later. reported to the IRS and for which no s or codes are required. Enter the total directly on Part I Schedule Short-Term. D, line Transactions 1a; you are involving not required capital to assets report these you held transactions one year or on less Form are 8949 short (see term. ). For long-term transactions, see page 2. You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Note. You Form may 8949, aggregate page 1, for all each short-term applicable transactions box. If you reported have more on short-term Form(s) 1099-B transactions showing than will basis fit on was this page for one or more reported of the boxes, to the IRS complete and for as many which forms no s with the same or box codes checked are required. as you need. Enter the total directly on (A) Short-term Schedule transactions D, line 1a; reported you are on not Form(s) required 1099-B to report showing these basis transactions was reported on to Form the IRS 8949 (see (see Note ). above) You must (B) Short-term check Box transactions A, B, or C below. reported Check on Form(s) only one 1099-B box. showing If more than basis one was box not applies reported for to your the short-term IRS transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page (C) Short-term transactions not reported to you on Form 1099-B for one or more of the boxes, complete as many forms with the same box checked as you need. Adjustment, if any, to gain or loss. 1 (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to If you the enter IRS an (see amount Note in above), (h) (c) (d) Cost or other basis. enter a code in (f). (B) Short-term Gain or (loss). (a) transactions reported (b) on Form(s) 1099-B showing basis was not reported to the IRS Date sold or Proceeds See the Note below See the separate. Subtract (C) Description Short-term of property transactions not Date reported acquired to disposed you on Form (sales 1099-B price) and see Column (Example: 100 sh. XYZ Co.) (Mo., day, yr.) (Mo., day, yr.) (see ) in the separate (f) Adjustment, if any, to gain or loss. combine the result 1 Code(s) from If you enter an amount Amount in of, with (h) (c) (d) Cost or other basis. enter a code in (f). Gain or (loss). (a) (b) Date sold or Proceeds See the Note below See the separate. Subtract Description of property Date acquired disposed (sales price) and see Column (Example: 100 sh. XYZ Co.) (Mo., day, yr.) (Mo., day, yr.) (see ) in the separate (f) combine the result Even though your IRS Form 1099-B has a gain or loss figure, do not Code(s) from enter a gain or loss figure Amount on of IRS Form with This will be determined when recapped on Schedule D. The final on IRS Form 8949 is reserved for any s to your cost basis, such as a disallowed loss due to a wash sale transaction. 5

6 1 (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in, (h) (c) (d) Cost or other basis. enter a code in (f). Gain or (loss). (a) (b) Date sold or Proceeds See the Note below See the separate. Subtract Description of property Date acquired disposed (sales price) and see Column (Example: 100 sh. XYZ Co.) (Mo., day, yr.) (Mo., day, yr.) (see ) in the separate (f) combine the result Code(s) from Once you have completed IRS Form 8949, the totals are then entered onto a Schedule Amount D of which with is where IRS Form 8949 (con t.) you will find your net gain or loss information. Form 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return Sales and Other Dispositions of Capital Assets Information about Form 8949 and its separate is at File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Attachment Sequence No. 12A Social security number or taxpayer identification number Most brokers issue their own substitute statement instead of using Form 1099-B. They also may provide basis information (usually your cost) to you on the statement even if it is not reported to the IRS. Before you check Box A, B, or C below, determine whether you received any statement(s) and, if so, the transactions for which basis was reported to the IRS. Brokers are required to report basis to the IRS for most stock you bought in 2011 or later. Part I Short-Term. Transactions involving capital assets you held one year or less are short term. For long-term transactions, see page 2. Note. You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no s or codes are required. Enter the total directly on Schedule D, line 1a; you are not required to report these transactions on Form 8949 (see ). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (Mo., day, yr.) (c) Date sold or disposed (Mo., day, yr.) (d) Proceeds (sales price) (see ) Cost or other basis. See the Note below and see Column in the separate Adjustment, if any, to gain or loss. If you enter an amount in, enter a code in (f). See the separate. (f) Code(s) from Amount of (h) Gain or (loss). Subtract combine the result with 2 Totals. Add the amounts in s (d),,, and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) Note. If you checked Box A above but the basis reported to the IRS was incorrect, enter in the basis as reported to the IRS, and enter an in to correct the basis. See Column in the separate for how to figure the amount of the. For Paperwork Reduction Act Notice, see your tax return. Cat. No Z Form 8949 () SCHEDULE D (Form SCHEDULE 1040) D (Form 1040) Department of the Treasury Internal Department Revenue of the Service Treasury (99) Internal Revenue Service (99) Name(s) shown on return Name(s) shown on return Capital Gains and Losses Capital Gains and Losses Attach to Form 1040 or Form 1040NR. Information about Schedule Attach D and to its Form separate 1040 or Form 1040NR. is at Attachment Information Use Form about 8949 Schedule to list D your and transactions its separate for lines 1b, is 2, at 3, 8b, 9, and 10. Sequence Attachment No. 12 Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Sequence No. 12 Your social security number Your social security number Part I Short-Term Capital Gains and Losses Assets Held One Year or Less Part I Short-Term Capital Gains and Losses Assets Held One Year or Less See for how to figure the amounts to enter on the (h) Gain or (loss) lines See below. for how to figure the amounts to enter on the (d) Adjustments Subtract (h) Gain or (loss) lines below. Proceeds (d) Cost to gain Adjustments or loss from from Subtract (d) and This form may be easier to complete if you round off cents to (sales Proceeds price) (or other Cost basis) Form(s) to gain 8949, or loss Part from I, combine from the result (d) with and whole This form dollars. may be easier to complete if you round off cents to (sales price) (or other basis) line Form(s) 2, 8949, Part I, combine the result with whole dollars. line 2, 1a Totals for all short-term transactions reported on Form 1a 1099-B Totals for which all short-term basis was transactions reported to reported the IRS on and Form for which 1099-B you for have which no s basis was reported (see ). to the IRS and for However, which you if you have choose no s to report all (see these ). transactions on However, Form 8949, if you leave choose this line to report blank all and these go to transactions line 1b. on Form 8949, leave this line blank and go to line 1b. 1b Totals for all transactions reported on Form(s) 8949 with 1bBox Totals A checked for all transactions... reported.... on. Form(s) with. Box A checked Totals for all transactions reported on Form(s) 8949 with 2 Box Totals B checked for all transactions... reported.... on. Form(s) with. Box B checked Totals for all transactions reported on Form(s) 8949 with 2 Totals. 3 Box Totals Add C checked the for amounts all transactions. in. s. reported. (d),.,.. on,. Form(s) and. (h). (subtract with. negative Box amounts). C checked Enter. each. total.. here.. and. include... on. your.. Schedule 4 Short-term D, line gain 1b (if from Box A Form above 6252 is checked), and short-term line 2 (if gain Box B or (loss) from Forms 4684, 6781, and above 4 Short-term is checked), gain or line from 3 (if Form Box C 6252 above and is checked) short-term 5 Net short-term gain or (loss) from partnerships, gain or (loss) from Forms 4684, 6781, and S corporations, estates, and trusts from 6

7 Reporting a Wash Sale A wash sale occurs when you sell an investment at a loss, and repurchase a substantially identical investment with a 61-day period that extends from 30 days before the sale until 30 days after the sale. Losses from wash sales are generally not deductible. Instead, the loss is added to the cost basis of the replacement shares. When a wash sale occurs, the net amount of your proceeds and cost basis figures will not equal the amount in the gain or loss in the amount of the disallowed loss. Example of Form 1099-B with a wash sale loss disallowed Form () Attachment Sequence No. 12A Page 2 Name(s) shown on return. (Name and SSN or taxpayer identification no. not required if shown on other side.) Social security number or taxpayer identification number Form 8949 Sales and Other Dispositions of Capital Assets Information about Form 8949 and its separate is at SCHEDULE Most Department brokers of the issue D Treasury their own substitute statement instead of using Form 1099-B. They also may provide basis information (usually OMB your Attachment No. cost) to you on Internal Revenue Service File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. (Form the statement 1040) Capital Gains and Losses Sequence No. even if it is not reported to the IRS. Before you check Box D, E, or F below, determine whether you received any statement(s) and, 12A if so, the Name(s) transactions shown for return which basis was reported to the IRS. Brokers are required to report basis Social to the security IRS for number most stock or taxpayer you bought identification in 2011 number Attach to Form 1040 or Form 1040NR. or later. Department Part II of the Treasury Long-Term. Information Transactions about involving Schedule D capital and its separate assets you held more is at than one year are long term. Attachment For short-term Internal Most Revenue brokers Service issue transactions, (99) their own substitute see page Use statement Form instead to list of your using transactions Form 1099-B. for They lines also 1b, may 2, 3, provide 8b, 9, basis and 10. information (usually Sequence your cost) No. to 12 you on the statement even if it is not reported to the IRS. Before you check Box A, B, or C below, determine whether you received any statement(s) and, if so, Name(s) shown on Note. return You may aggregate all long-term transactions reported on Form(s) 1099-B showing Your social basis security was number the transactions for which basis was reported to the IRS. Brokers are required to basis to the IRS for most stock you bought in 2011 or reported later. to the IRS and for which no s or codes are required. Enter the total directly on Schedule D, line 8a; Part I you Short-Term. are not required Transactions to report involving these transactions capital assets on you Form held 8949 one (see year ). or less are short term. For long-term Part I Short-Term transactions, Capital see page Gains 2. and Losses Assets Held One Year or Less You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form Note. 8949, You page may 2, aggregate for each applicable all short-term box. If transactions you have more reported long-term on transactions Form(s) 1099-B than will showing fit on this basis page was See for how to figure the amounts to enter on the (h) Gain for or one (loss) or lines more below. of the boxes, reported complete to the as IRS many and forms which with the no same s box checked or (d) codes as you are need. required. Enter the Adjustments total directly Subtract on Schedule D, line 1a; you are not required to report Proceeds these transactions Cost on Form to 8949 gain or (see loss from ). This form (D) may Long-term be easier transactions to complete reported if you round on Form(s) off cents 1099-B to showing (sales price) basis was (or reported other basis) to the IRS Form(s) (see 8949, Note Part above) I, combine the result with whole You dollars. must (E) Long-term check Box transactions A, B, or C below. reported Check on Form(s) only one 1099-B box. showing If more than basis one was box not applies reported for to your the line short-term IRS 2, transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page 1a for one Totals (F) or Long-term for more all of short-term the transactions boxes, transactions complete not reported as reported many to forms you on Form on with Form the 1099-B same box checked as you need B for which basis was reported to the IRS and for Adjustment, if any, to gain or loss. 1 (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to If you the enter IRS an (see amount Note in above), which you have no s (see ). (h) (B) Short-term (c) (d) Cost or other basis. enter a code in (f). Gain or (loss). (a) transactions reported (b) on Form(s) 1099-B showing basis was not reported to the IRS However, if you choose to report all these transactions Date sold or Proceeds See the Note below See the separate. Subtract (C) Description Short-term of property transactions not Date reported acquired on Form to disposed you on Form (sales 1099-B price) and see Column (Example: 8949, 100 leave sh. XYZ this Co.) line blank (Mo., and day, yr.) go to line 1b. (Mo., day, yr.) (see ) in the separate (f) Adjustment, if any, to gain or loss. combine the result 1b1 Totals for all transactions reported on Form(s) 8949 with Code(s) from If you enter an amount Amount in of, with (h) Box A checked (c)... (d) Cost or other basis. enter a code in (f). Gain or (loss). (a) (b) Date sold or Proceeds See the Note below See the separate. Subtract 2 Totals Description for all transactions of property reported Date on acquired Form(s) disposed 8949 with (sales price) and see Column (Example: 100 sh. XYZ Co.) (Mo., day, yr.) Box B checked (Mo.,.. day,. yr.). (see ) in the separate (f) combine the result Once you have completed IRS Form 8949, the totals are Code(s) from entered into a Schedule Amount D and of when with you combine 3 Totals for all transactions reported on Form(s) 8949 with the Box s C checked to determine.... your.. gain.. or. loss,.. your.. allowable loss (if any) will be reflected in (h). SCHEDULE 4 Short-term D gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and (Form 5 Net 1040) short-term gain or (loss) from partnerships, Capital Gains S corporations, and Losses estates, and trusts from Schedule(s) K Attach to Form 1040 or Form 1040NR. 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Department of the Treasury Information about Schedule D and its separate is at Attachment Internal Worksheet Revenue Service in (99) the Use. Form to. list. your. transactions.... for. lines.. 1b,. 2,. 3,. 8b,. 9,. and ( Sequence No. 12 ) Name(s) 7 Net shown short-term on return capital gain or (loss). Combine lines 1a through 6 in (h). If you have any longterm capital gains or losses, go to Part II below. Otherwise, go to Part III on the back Your social security number Part Part II I Long-Term Capital Gains and Losses Assets Held More Than One Year Short-Term Capital Gains and Losses Assets Held One Year or Less See for how to figure the amounts to enter on the (h) Gain or (loss) lines See below. for how to figure the amounts to enter on the (d) Adjustments Subtract (h) Gain or (loss) lines below. Proceeds (d) Cost to gain Adjustments or loss from from Subtract (d) and This form may be easier to complete if you round off cents to (sales Proceeds price) (or other Cost basis) Form(s) to gain 8949, or loss Part from II, combine from the result (d) with and whole This form dollars. may be easier to complete if you round off cents to (sales price) (or other basis) line Form(s) 2, 8949, Part I, combine the result with whole dollars. line 2, 8a Totals for all long-term transactions reported on Form 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for 1099-B for which basis was reported to the IRS and for which you have no s (see ). which you have no s (see ). However, if you choose to report all these transactions However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b. on Form 8949, leave this line blank and go to line 1b. 8b Totals for all transactions reported on Form(s) 8949 with 1b Totals for all transactions reported on Form(s) 8949 with Box D checked Box A checked Totals for all transactions reported on Form(s) 8949 with 2 Totals for all transactions reported on Form(s) 8949 with Box E checked Box B checked

8 Reporting a Wash Sale (con t.) The Average Cost Basis accounting method simply totals the cost basis of an entire position and divides it by the number of shares to determine an average cost per share. Average Cost Basis Historically, USAA maintained cost basis for mutual funds using the Average Cost Basis (ACB) accounting method. If you have previously sold shares and used another cost basis method on your tax return, then our records will be different from yours. You are still permitted to select an alternate method to average cost when filing your tax return. However, we will only display the average cost for noncovered shares. Reporting Cost Basis using Average Cost In General, the average cost method is only one of several methods available to determine gains and losses when you sell or exchange mutual fund shares. Before using the information for tax reporting purposes, consult your tax advisor to ensure that the average cost basis is appropriate given your specific tax situation. For additional information refer to IRS Publication 564, Mutual Fund Distributions. Gifted, Inherited or Other Transferred shares For shares received as a gift, inheritance, or other form of transfer, special basis determination rules, other than average cost of shares, will apply. IRS Publication 551, Basis of Assets, provides on how to calculate the basis of shares received. Please consult your tax advisor for assistance in calculating your basis in these situations. For more information regarding cost basis for mutual funds, visit usaa.com, keyword Cost Basis FAQ. For more information regarding your USAA Tax Documents, please visit usaa.com, keyword Tax Center or contact one of our Member Service Representatives at Questions regarding your specific tax situation should be directed to your tax and legal advisers. For assistance with Turbo Tax, please visit turbotax.intuit.com/support/contact. The contents of this document is not intended to be, and is not, legal or tax advice. The applicable tax law is complex, the penalties for non-compliance are severe, and the applicable tax law of your state may differ from federal tax law. Therefore, you should consult your tax and legal advisers regarding your specific situation

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