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

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#1466
kaneohe
Participant

Thanks, Kaye. I thought I remembered seeing somewhere that if you had never sold anything, you could have changed from AVB to specific shares
and affected all of your shares. Did I misunderstand, or was there an incorrect myth in the early days of the basis change rules, or was this correct but you had to satisfy the “never sold anything” part? Or do
fund companies have some discretion?