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Investors & landlords
The terms covered or uncovered simply refer to the information the broker has access to in regards to your stock basis. Shares tracked by brokerage operations are called covered shares. Other shares are termed uncovered. You must continue keeping details on uncovered shares that are not tracked for you.
The cost basis for the Restricted Share Rights (RSRs) is the price the shares cost for normal market buyers the day they vested into your name. This can be found on any number of web sights and most certainly from your financial office of your employer or Human Resources/Payroll. Once the shares vested your employer included an amount of income that was included in your W-2 for that year. This type of transaction requires a taxable income amount for you which in turn becomes your stock cost basis in your RSRs.
Check your W-2 income that was reported in the year your shares were vested. This is the cost basis for the shares you received. Your employer can tell you the cost per share if there were different vesting dates. You may have to calculate that yourself once you have the numbers.
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