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Author: WilliamLipp Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77084  
Subject: Re: Short term vs. Long term Date: 4/29/1999 10:14 PM
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sdcumberledge Date: 4/29/99 7:17 PM Number: 10240
2 years ago I purchased shares of a mutual fund. 15 months ago I began an automatic repurchase plan on the fund. ... If I sell the fund now do I pay short term or long term gains????

Every reinvestment is a separate purchase. So you have one big investment 2 years ago, an additional small purchase 15 months ago, and whatever else whenever else. Everything over 12 months is presently long term gains or losses. It's probably easiest to sell it all and pay short term gains on the most recent reivestments. To get it all long term, you stop reinvestment and pull the last part out after 12 months.

I assume this is all in a taxable account - non of this matters in a tax-deferred account, such as an IRA.
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