Series 65: Determining The Basis Of Mutual Fund Shares

Taken from our Series 65 Online Guide

The IRS permits mutual fund and DRIP (dividend reinvestment plan) investors to use the average cost basis when calculating capital gains and losses. Owners of other securities may not use the average cost method. The average cost method is simple: add the cost of the shares, including reinvested dividends and capital gains distributions, and then divide the cost by the number of shares held.

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