The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Two Questions about Cost Basis||Date: 8/14/1999 3:12 AM|
|Author: JAFO31||Number: 18167 of 122911|
hghcpa/Pete: "Sometimes we must revert to the SWAG method of determining cost basis.
S = Scientific
W = Wild
A = Ass
G = Guess"
Is that a term of art that is only taught in advance accounting classes? I have studied the subject a little and have never run across it before. Or maybe you only learn about the SWAG method while studying for the CPA test? (:>)
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