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I'm custodian of two UGMA accounts (about 25k each)held by 12 and 11 year olds. As a Fool convert I want to sell these holdings acquired thru the 90s and buy index funds with proceeds.

Is there any taxes-related reason to wait to sell until the children reach age 14?

Most of these shares were purchased monthly (dollar-cost averaging)over five years from two large fund families. How should we go about figuring our gain?

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