The Motley Fool Discussion Boards

Previous Page

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