Welcome Allete Shareowners!

This page is designed to help you calculate your adjusted cost basis for your liquidated Allete shares, using Netbasis, an easy-to-use, online cost basis tool

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What is Netbasis?

With the acquisition of your Allete investment shares, you are required to report the correct adjusted cost basis and capital gain and losses. Netbasis is an easy-to-use application that allows you to quickly and accurately adjust the cost basis of your investment in seconds.

The calculation starts with the original cost basis is the initial price of your Allete shares when you acquired them, which is then adjusted for corporate actions, such as splits, spin-offs and mergers and even dividends reinvested (if you participated) that occurred during your holding period. Netbasis will generate a detailed adjusted cost basis report in seconds that also includes your gain/loss calculation.

"What Information Do I Need To Calculate My Cost Basis?"

All you need is the purchase date(s) and the number of shares that you acquired of your Allete shares. If you reinvested dividends, you only need the start and end dates that you participated.

You may have this information in old statements or records. If you don’t, Allete Investor Relations department will send you copies of your investment history by U.S. mail.

How to use Netbasis:

After identifying the original security you acquired, you just need to enter the following information in the Equity Trade Activity Table

Share Dates

Enter the date for shares you acquired (purchased, inherited, etc). Then enter the dates of shares you sold.

Amount of Shares

Enter the number of shares for every acquisition. Then enter the number of shares for every sale.

Dividend Dates

You don’t have to enter every dividend. If you reinvested dividends you can enter the start or end dates.

One Netbasis report provides you with:

The information and documentation needed to calculate your capital gains for tax purposes in a comprehensive chronological report.
A historical reconstruction of your investment including all corporate actions and dividend re-investments, systematic investments, systematic withdrawals, displayed dividends and fractional shares.
The ability to optimize your tax strategy by selecting from a variety of sale methods (FIFO, LIFO, HILO, LOFO and LGUT).
The actual investment return performance during your holding period (IRR and ROI).

Our award winning application is backed by
user-friendly customer support.

There are tool tips for every feature.

Netbasis takes you step-by-step through each of its features which enable users to understand how to best use the application.

Have a question? Ask our help desk.

Any time you have a question, you can simply reach out to a Netbasis professionals with our interactive help desk. We've integrated an in-app message center for your convenience.

Your personalized AI assistant.

If you have a question about the application, have a chat with NetbasisAI. You will get quick comprehensive answers about the Netbasis application.