Jill has invested in her growth mutual fund regularly over thelast several years.Prices have generally increased, and alldistributions have automatically been reinvested. About 15 monthsago, Jill stopped investing since she had surpassed her goal. Jillnow wants to convert a portion of her investment to cash and paythe least taxes. What is the cost method that will minimize hergain?
Question 5 options:
A. First in, last out (FILO) method
B. because these are mutual fund shares, the mutual fund paystaxes instead of the individual investor
C. Last in, first out (LIFO) method
D. the methods in A, B, and C will provide the same costbasis
E. average cost method
Please help. At first I chose D as the answer, but that cameback wrong
Jill has invested in her growth mutual fund regularly over the last several years.Prices have generally increased, and a
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