Reply To: Cost Basis for mutual fund sale of covered shares

Home Fairmark Forum Taxation of Investments Cost Basis for mutual fund sale of covered shares Reply To: Cost Basis for mutual fund sale of covered shares

#1464
Kaye Thomas
Moderator

The regs say that when you change from the average basis method, the basis of each share immediately after the change is the same as the basis immediately before the change. In other words, the change affects shares you acquire after the change, but does not affect shares you acquired before the change.