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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Skipperr who wrote (7194)4/6/1999 1:40:00 AM
From: Gary  Read Replies (1) of 18928
 
Skipperr

To report gains on mutual funds sales, you have the choice of either using FIFI (first in first out) or average cost per share. The latter method usually works out better where the fund is rising as you get the benefit of the higher prices paid on more recent purchases. Once average cost is used for a particular fund, that fund must always be reported on that method. Many fund families provide average cost information to shareholders that sell fund shares during the year.

Hope this helps,

Gary
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