Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<< Sorry, Bill...but you can't "average" your shares for tax purposes. You get FIFO or specific share treatment. >>

Slips, maybe I have a potential problem. My CPA has prepared several returns using the averaged purchase prices. Since 1990 I think three returns have been filed using average cost.

I think I have read all the threads but am headed back to re-read.

Thanks very much for the information. Somehow I thought shares could be averaged like I think mutual fund shares work.

The next question will be after a lot more research.

Thanks again.

Bill Stanley

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.