No. of Recommendations: 1
Shalom Howie,
How exactly do you do the cost averaging you mention?
I have a holding of XOM in a brokerage account which was put in there after many years of DRIPing. I also have a holding owned directly which has been DRIPing all along for even more years. To complicate matters, as I recall many years ago I sold some when all was owned directly and DRIPing.
I would love to sell some to generate some cash, preferably from brokerage account, but if is easier to account for things in the direct account that would be ok. The accounting seems totally daunting if I have to report many tens of quarterly DRIP purchases. If there is someway, via averaging to globally account for the gains, that would be a godsend for me.
Of course, input from any tax professionals or tax wise Fools would be more than welcome.
Thanks in advance,
-Menachem <[email protected]>
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