rjs
Level 15
Level 15

Investors & landlords


@fanfare wrote:

""Why actual cost basis isn’t the default for mutual funds is beyond me"

It is the default.

You have to opt in to Average Cost method.


Actual cost is the general IRS default for all securities. The brokerage may have a different default. As jcookson1 said, many brokers use average cost by default for mutual funds.