Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
By the ways, as to which is right, open or close of 1/2/2001, common sense (which doesn't necessarily apply to IRS matters) suggests it should be the open, since that way people could use the values listed on their closing statements for 2000. Finding the closing values for 1/2/2001 is a pain, even if you know how to do it (I've never even tried to see if I can get an historical quote for a mutual fund).

Actually, it's just the opposite. Common sense says use the 1/2/01 close. The 1/2/01 open is not necessarily the same as the 12/29/00 close (for mutual funds it is, for stocks it rarely is). Remember, the "open" is the price of the first trade of the day, not the last trade of the previous day.

Very few newspapers list opening prices. There are plenty of off- and on-line sources for historical closing prices. Just look at any good newspaper dated 1/3/01 for the 1/2/01 closing prices.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.