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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121147  
Subject: Re: cost basis mutual fund Date: 4/8/1998 10:12 AM
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[[I have 2 mutual funds which Istarted to fund in 1987 ..I haven't bought any more shares in the fund
for the last two years....when I sell it, will the company figure my cost basis or do I have to go
through every statement and figure it out? It would be a lot of work since I invested almost monthly
for years...the funds are American century Ultra and Growth.....thanks, debbie]]

While many funds DO provide you with a "cost basis" report when part (or all) of the fund is liquidated, some still do not. You'll have to call the fund and find out if they do or do not.

If they do not, the computation of the basis will be your responsibility. Difficult or not.

For additional information on the taxation of mutual funds, see IRS Publication 564.

TMF Taxes
Roy

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