The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Capital Gains: Stocks vs. Mutual Funds||Date: 5/2/1997 1:26 PM|
|Author: tmftaxes||Number: 10 of 124593|
On Fri, 02 May 97 09:44:00 -0600, JeanDavid wrote:
I bought a closed-end mutual fund in about 1967 that
traded as a stock on the NYSE. I re-invested capital gains.
Now capital gains on stocks can be evaluated
FIFO or identified lots method. I took delivery of all the
stock certificates. Sometime in the 1970's or 1980's the
fund changed to an open-end fund for which the average-cost
method is used for computing capital gains.
Last year I sold some of the shares represented by th