Question about designating which shares have been sold from a mutual fund. I bought additional shares in a mutual fund at the beginning of this year and I now have a better place to put some of that new investment. I want to sell some of the shares but I want to designate that the shares to sell are from the block that I purchased at the beginning of this year rather than the block that I own from prior investments. This will greatly reduce the capital gains taxes. Can I do this? I know you can do this with stocks but I'm not sure if the IRS requires FIFO for mutual fund shares.-doug
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