[[I read your answer re above to 9047. That is the same formula I have used. Now my fund companies tell be they divide the cost basis by # of shares at time of sale. (Average cost-Single Category) The result can be quite different after years of dividend reinvestments. Will you explain that for me, please?]]The main reason is the the cost basis rules for stocks are COMPLETELY DIFFERENT than for mutual funds. You can read more about this issue in the Taxes FAQ area. We also discuss it in MUCH more detail in the TMF Investment Tax Guide. You might want to check it out.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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