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"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."

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.
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