I hold shares of the same mutual fund at two separate brokerage houses. When I sell a fund from one brokerage, can i use their cost basis? - Ask TaxGuru

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11-14-2013, 06:25 PM

tgenoyer is offline

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Join Date: Nov 2013

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I hold shares of the same mutual fund at two separate brokerage houses. When I sell a fund from one brokerage, can i use their cost basis?

I hold shares of the same mutual fund at two separate brokerage houses. Therefore, I have an Average cost basis from each of the two brokerages. If I sell from Brokerage A, can I use my average cost basis from Brokerage A as is, or do I need to figure my overall average basis from the 2 brokerage firms?

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