Have Tax Questions? Ask a Tax Expert for Answers ASAP
From looking at the history, my father bought into the fund on a quarterly basis. When I look at the history in the website you gave me, the history only goes back to 1994. Is it reasonable to take the average quarterpoint prices from 1994 to 2000 for the number of shares he has and use that as the cost basis? Will the IRS be OK with that?
Thanks so much for your help. I really appreciate it.