Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
"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."

Ira,
I agree the actual opening number for 1/2/01 would be even more of a pain to find than the closing number. I still think think what's on the statement at the end of 2000 makes most sense, and unless I see something explicit from the IRS telling me otherwise in next year's instructions, I'm taking the official date of 1/1/01 literally and using the values on my statement for one basic reason: the numbers are more favorable.
Print the post  

Announcements

Disclaimer:
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.