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One quick question (or two).
So, when the entire MF holding is sold, FIFO is not applicable, what about Specific Identification? If one can use it, then if I'm reading right, the calculation of cost basis would be the same as for Average-cost Double Category, correct?

Suppose you purchased three lots of the same Mutual Fund (or stock) on
three different dates. You then sold all three lots in one transaction. Just as there is no FIFO, there is no Specific Identification in this scenario.

However, because you purchased the three lots on different dates, and because of dividend reinvestments, you may have both long term capital gain/loss in some shares and short term capital gain/loss in the remaining shares.
Long term gain/loss apply for Mutual Fund (or stock) shares held for over a year, short term capital gain/loss apply for Mutual Fund (or stock) shares held for less than a year.

I don't know what Double Category means
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