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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121316  
Subject: Re: Tax on stocks bought over time Date: 2/7/2000 5:00 AM
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<< D) none of the above

If (D) is the answer, please describe what should happen. >>

The first thing you should do is be wary of whoever introduced you to the concept of an "adjusted cost basis" for stocks. There is no such animal. There is an average cost basis for mutual funds, but it doesn't apply to stocks.

The second thing you should do is read up in this board's FAQ on calculating capital gains. There you will find that each purchase stands on its own when determining basis.

Phil Marti
Tax Preparer
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