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Author: AlPratt Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Basis in Mutual Fund? Date: 9/11/1999 7:38 PM
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Hi
I have held a mutual fund for some time. It's doing fine, share price is up. But I have a question. I made an initial investment, then just let the dividends and CGs be reinvested. So I'd end up automatically purchasing fractional numbers of shares with those profits every quarter. Of course, I was getting 1099s each year with the numbers, and paying tax on those amounts.

Now, if I want to sell the shares, how do I figure out my basis price? (Or in other words, how do I figure out how much I have to pay tax on?)

Thanx
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Author: phooley Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13854 of 76398
Subject: Re: Basis in Mutual Fund? Date: 9/11/1999 7:47 PM
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... I have held a mutual fund for some time... I made an initial investment, then just let the dividends and CGs be reinvested. Of course, I was getting 1099s each year... Now, if I want to sell the shares, how do I figure out my basis price? (Or in other words, how do I figure out how much I have to pay tax on?)

The basic idea is:
   your initial investment
+ all the reinvested distributions
--------------------------------
= your cost basis
Hope this helps!(?)
Ron



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Author: AlPratt Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13877 of 76398
Subject: Re: Basis in Mutual Fund? Date: 9/13/1999 3:33 PM
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Arrg! Does this mean that I should have kept all those quarterly statements showing the reinvenstment amounts for all these years?

Al

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Author: bytejockey One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13895 of 76398
Subject: Re: Basis in Mutual Fund? Date: 9/14/1999 10:53 AM
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Arrg! Does this mean that I should have kept all those quarterly statements showing the reinvenstment amounts for all these years?

Al


Maybe you can get the info from annual summary statements, if your mutual fund provided them. Or contact your fund company to see if they'll reconstruct this history for you.

Billy

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Author: Bobbcat Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13905 of 76398
Subject: Re: Basis in Mutual Fund? Date: 9/14/1999 10:01 PM
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Another source might be your tax return files. Look at the 1099Bs the mutual fund company sent you each year.

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