The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/average-cost-is-acceptable-to-determine-the-tax-26791591.aspx

Subject:  Re: Dividend Reinvestment - A Tax Nightmare? Date:  7/6/2008  6:45 PM
Author:  Wradical Number:  101273 of 121569

Average cost is acceptable to determine the tax basis for mutual funds - not for regular company stocks.

If you keep a reasonable up-to-date record of the history of your investments, it's not THAT much of a tax nightmare.

Bill
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us