donheff
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I use average cost for calculating Capital Gains. Vanguard's cost summary tells me the average cost of shares I sell and the date sold but doesn't provide a date used to calculate the cost basis. As I understand the law, they are supposed to sell off the earliest shares and use that date to determine whether the gains are long or short term. The obviously make the determination since they report everything as long term but they don't show a purchase date. I searched around on the VG site but can't find any details about purchase history. If I dig deep enough in my paper records I could probably figure out when I first bought the VG funds but what a PITA. All my gains are identified as long term but since I can't figure out the appropriate date of purchase I just plugged in 1/1/2007. What do others use? Does it matter?