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Author: Number35 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120781  
Subject: Re: Specifying Stock.. Date: 9/24/1997 2:37 AM
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>Remember that it is not the GAINS that are treated differently, Henry,
>but the method by which you account for your tax basis.
>
>For individual securities, you have just two options:
>
>But for mutual funds, you have four options:
>
>Each of these four methods can be appied to different mutual funds
>within one portfolio, BUT once a method for a particular mutual fund is
>chosen, that method must be used for all transactions within that fund
>and within all funds of that family of funds.

So the difference is due to the fact that there are fewer options for individual securities but how does that affect the proof/documentation aspect? Does the same restrictions applied to mutual fund shares when using the specific ID method? (That you need to send an actual letter, etc.)

Thanks.

--Henry
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