To use NetBasis, click on the button above.
Calculate Your MGEE Stock Cost Basis More Easily
At tax time, shareholders must determine their cost basis to report capital gains taxes to the IRS. Cost-basis calculations can be very difficult and time consuming, even for professional tax preparers. There is an easier way.
MGE Energy has partnered with NetWorth Services, Inc., to provide a Web-based cost-basis calculation service – NetBasis. There is a charge for this service. Fee information is posted on the NetBasis Web site.
NetBasis automatically calculates the cost basis for your MGE Energy shares. The system adjusts for any corporate actions or dividend reinvestments. You supply:
- Your original purchase/acquisition dates.
- Number of shares acquired.
- Number of shares sold.
- Sale dates.
NetBasis will do the rest.
Within seconds, you will have:
- Your cost basis.
- Gain/loss and sale proceeds.
- Current status of your investment.
NetBasis also provides supporting documentation if you ever need it.
If you have any questions or problems using NetBasis, call their 24/7 Customer Care Call Center, 1-888-80-BASIS (1-888-802-2747) or use the Live Web Chat service located on the Help button once you have logged on to the system.