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If you sell mutual funds or stock shares, it’s important that you know the basis of the shares. Knowing the basis lets you accurately calculate your capital gain or loss. To calculate your gain or loss on the sale of the shares, subtract your basis from the amount you received for the shares.
When calculating the basis of stock or mutual fund shares you sell:
You can use these methods to figure the basis of mutual funds:
However, you can't use these methods to figure the basis for stocks.