Home Page link  

Selling mutual fund tax question

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Selling mutual fund tax question Williams 03-28-2008
Posted by Williams on March 28, 2008, 2:59 pm
Please log in for more thread options
 Back in December, I sold my mutual fund and closed the account. The problem
is that I have not been a good record keeper, and I'm having a hard time
coming up with the "cost basis." I have original purchase documents for the
fund, statements for several years, then some gaps for other years.

Any advice on how to proceed?

Thanks!

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Paul Thomas, CPA on March 28, 2008, 3:52 pm
Please log in for more thread options
> Back in December, I sold my mutual fund and closed the account. The
> problem is that I have not been a good record keeper, and I'm having a
> hard time coming up with the "cost basis." I have original purchase
> documents for the fund, statements for several years, then some gaps for
> other years.
>
> Any advice on how to proceed?




The fund, or your broker, can't give you that with a few key strokes?

That's where I'd start.



--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
401k bond mutual fund tax question May 7, 2007, 1:09 pm
Taxability of payment from a Qualified Settlement Fund (QSF) for mutual fund fraud April 28, 2007, 5:03 pm
Mutual Fund to 529 ... February 18, 2007, 3:50 am
mutual fund sale and reporting June 8, 2006, 2:42 pm
short-term cap gains in mutual fund? December 8, 2006, 2:26 am
Mutual Fund Transfer: How to deal Capital Loss? November 12, 2006, 4:03 pm
Advantages of having mutual fund company withhold taxes for first-time home purchase distribution? March 20, 2007, 3:05 pm
LLC and "selling shares" tax information January 19, 2007, 8:25 pm
Selling a house at a lose. February 10, 2007, 7:03 am
Tax treatment for selling a patent October 13, 2007, 11:06 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap