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Financial Planning / Tax Strategies


Subject:  Re: Closed End Funds Date:  9/24/2005  11:25 PM
Author:  DeltaOne81 Number:  80838 of 127549

I don't know why Turbo Tax would care, or want to group them separately.

There's different rules for cost basis. Mutual funds are average cost basis (FIFO in holding period), while stocks are FIFO completely. So TurboTax does need to know that.
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