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Stocks and mutual funds play by different rules when determining cost basis. So you need to make sure which one you're dealing with.

Assuming your second comment is correct and this is a stock, you must use FIFO unless you choose to use specific identification at the time the stock was sold. Since it appears you didn't do a specific identification, you're stuck with FIFO.

And no, using a zero cost does not lock you in to using a zero cost for the rest of the shares.

--Peter
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