The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/thanks-very-much-peter-stocks-and-mutual-funds-27862014.aspx

Subject:  Re: Cost Basis Date:  8/5/2009  7:11 AM
Author:  AlisonWonderland Number:  106671 of 129719

Thanks very much, Peter.

Stocks and mutual funds play by different rules when determining cost basis. So you need to make sure which one you're dealing with.

Assuming your second comment is correct and this is a stock


Yup, and my mind was going faster than my fingers with my first post <g>.

And no, using a zero cost does not lock you in to using a zero cost for the rest of the shares.

That's what I thought, and I'm glad you've confirmed it.

The dollar amounts I've got are $6.48, $.05, $0.59, $12.71, $5.69, $1.57, $15.54, $5.23 and two for $0.01 -- totalling under $50, which doesn't seem to be worth the effort of digging through all the documentation (let alone looking for the documentation, packrat that I am) for those fractional shares.

There are a couple of others of higher dollar amounts which warrant some effort, but not those other ones I've listed.

Thanks again!

~~ Alison
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us