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Peter,

Thanks for the reply. Well, that is what I worry the most, getting all the old statements back, but it is what I have to deal with, looks like. Thanks. :-)

Both accounts are in some decent sum and your suggestion of selling off small amount at a time each year won't work anymore. But, I will call the brokerage firm and stop contributing to the same funds at least.

I do have another question. This might be investment question than tax. I just received 1099 from both of these accounts. Last year, both showed around $3000-$4000 distribution. This year, that amount has gone up to more than $10,000 each. I think I am in for a large unpaid tax this year, even if I file individual returns for each of them.

So, am I better off selling the fund and move to index fund or stocks to minimize the annual distribution and its tax?

Tax question:
When I eventually sell the fund and recalculate the cost base, should I deduct the tax that I have already paid over the years, from the gain? Otherwise, I would be double taxed, right?
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