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Financial Planning / Tax Strategies


Subject:  Re: Schedule D question Date:  4/17/2003  2:49 PM
Author:  sheldick Number:  65080 of 129771

Is it ok to just use an avg price for the missing purchase on the sch D-1? Would the ombudsman's office be able to look up such a detail?

if u are dealing with equities, the answer is definitely no.

although there ar 4 ways to calculate cost basis with mutual funds (one of which is averaging), there are only two with equities. either specific shares, or fifo.
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