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<<Drat, and I thought I had done quite well in the explaination.>>

You did fine...I just confuse easily. You have to remember that I'm just old and tired.

<<OK, it is in fact a mutual fund, I used the FIFO method when selling the shares. I know the price and date of each individual share purchased. The 'average' price I used was just for generalization to arrive at figures.>>

No problem...the FIFO method is perfectly acceptable for mutual funds.

<<The initial purchase of 1628 shares was made at $13.51 ($22,000) and $400 per month to a total of $28,000 invested. The price of the 2130 shares purchaced ranged from a low of $10.59 to a high of $13.51.>>

No problem. Then you sold the 1628 shares that you purchased for $13.51 first...then you sold the shares that you bot for $400/month. Nothing to it, right?

<< When I sold, at $12.67 a share, I had to sell 2210 shares to retrieve my original out of pocket $28,000.>>

I don't know what this means. If you sold 2210 shares, the first that you sold were the 1628 original shares purchased (it looks like for a loss), then you would move into the shares that you bot for $400/month on a FIFO method. You would be required to treat each $400 block as a separate purchase.

<< The 80 shares needed to make up the difference, were from the reinvestment (of dividends, LTCG and STCG) during the Oct 93-Jan 95 time frame.>>

Sorry...lost me again here. I'm not sure that I understand your question...it sounds like you've got the answer in the palm of your hand. Hope this pushes you over the hump.

TMF Taxes
Roy

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