Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (438)	1/14/1998 11:47:00 AM
From: Lee Bush	Read Replies (1) of 5810

Colin: Can I interject an easy question on another topic, sale of mutual funds? I recently sold some shares of a fund where I have been buying into it monthly. I have the choice of using actual cost of purchase, or two methods of averaging cost on Sched D. If I elect to use the double averaging method (long and short term gains) rather than the cost method, what date do I use for the purchase dates, the latest long-term and short-term purchase date, or what? The IRS instructions do not make this clear. Thanks, Lee

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