Hi,
I sold some shares of a mutual fund online on 2/1/2022. At that time, my selected cost basis was SLID (specific lot ID), and all my shares were shown to be in a single lot, presumably because they were all uncovered shares (purchased before 2011). I did the transaction online and did not call the Fund to be more specific about which of the uncovered shares I wanted to sell.
As expected, the fund did not report a cost basis on the 1099-B. Since my selected basis was SLID before that sale, can I use any of the following methods for reporting the cost basis to the IRS - a) SLID, b) Average Cost or c) FIFO? In all these three cases, I will rely on my personal documentation of fund purchases and sales that I have ever made. Or am I constrained to use a specific method out of these three? Thank you for your help.
