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Three Methods - Mutual Funds

You can use one of three methods to figure your capital gain or loss on the sale of mutual fund shares. However, before you calculate your gain or loss, figure the basis of the shares you sold.  

Review each of these methods to decide which is right for your situation:

  • Average basis
  • Specific-share identification
  • First-in, first-out

Once you choose a method, you must stick with it as long as you own shares of that mutual fund. However, you can use different methods for different mutual funds you own.

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