Series 66: Tax Basis

Taken from our Series 66 Online Guide

Tax Basis

In determining what profit an investor must include on their tax return, the IRS requires them to first calculate their tax basis (also known as cost basis) on the investment. The tax basis is the starting value (the price you paid) that an investment’s profit or loss must be measured against, as adjusted for things like commissions, stock splits, etc., which can raise or lower the tax basis.

+ Read More

More Series 66 Info

What are people saying?

Create an Account

Since you're reading about Series 66: Tax Basis, you might also be interested in:

Series 66 - 7.9.3.1 Exemptions from Registration

Series 26 - Financial Performance Disclosures

Series 3 - 6.1.6.2.1. Open Market Operations

SIE - Preemptive Rights

Series 3 - 7.3.4.1. Monthly Statements to Customers

SIE - Exercise

Series 54 - 1.5.7. Accountant Exemption

Series 14 - 3.2.2. Beneficial Ownership Reports: Schedules 13D and 13G

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I love Solomon Exam Prep! The materials are comprehensive and simulate the type of questions on the tests. And the staff is so committed to their students' success. Without them, I wouldn't have been able to pass both the 7 and the 66.

Katelyn Hritcko, Elmcore Securities, Las Vegas, NV

I successfully passed the series 66 test yesterday! I could honestly say it was one of the happiest days of my life! I want to personally thank the excellent staff at Solomon exam prep! They are so knowledgeable and when I asked questions, they always went over the top with explanations and even sometimes creating charts for me to break down the concept. I felt really well served by this group. If you are looking for a company to help you succeed, you have found it Within Solomon exam prep team!

Shirley Antonini. Schuylkill Haven, PA

Thank you so much and special thanks to the product you put out!! I did not know about Solomon a year ago when I took the Series 7 and I used another company's material. I did not pass the 7 first time and I was extremely nervous about the 66. However your product was wonderful and thanks to you guys I passed the 66 on my first try!!! Can't thank you enough!!!

Maria Raspa, Merrill Lynch, Wellesley Hills, MA

I used Solomon Exam Prep for both the Series 7 and the 66 which I took within a couple of months of each other. I smoked both tests with an 85% and an 88%. Well above the passing score. The books have just enough humor to keep things interesting and the practice tests and quizzes are phenomenal. If you want to get the most out of these programs pound out as many practice test as you can.

K. Nick Thoeni, Gilroy, CA

Solomon Exam Prep materials are head and shoulders above any other company's products. I have purchased several other companies' materials and found that when it came time to take the crucial step of practice exams, every other company's answer explanations simply were too brief to be truly educational, or worse, sometimes contradictory to the text. That is when I turned to Solomon Exam Prep. After purchasing their materials, an actual team member emailed me almost every other day to ask how I was doing with my studying and offered assistance if I had questions. With this kind of support, you aren't trying to climb the mountain of becoming licensed alone! Finally, the owner also contacted me several times to thank me for my purchase and to check on my progress. There is no other company out there doing business in this exemplary way. Please be kind to yourself and START with Solomon Exam Prep materials for the BEST of success!

Rebecca Spadafore - Financial Advisor, LPL Financial. Meadville/Erie Area, PA SIE, Series 7, Series 66

I passed my Series 66, 1st try. Your audiobook was the game changer for me. Thank you!

S Stephens, Merrill Lynch. Orlando, FL