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Determining Cost Basis
I have a fund that was recently transferred from one broker account to another, and we are trying to update my cost basis. I have the basis since 2012. However, the basis prior to that did not transfer over. What is the tax rule on calculating a mutual fund tax basis. Can I use average cost or am I required to manually try to recreate it if I can recover the history (which may be hard to do given the long history)?
‎October 1, 2025
8:33 AM