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SUMMARY:Establishing Cost Basis
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/4768552508719104/lesson/6084863d7db88771b62eab081369054f?ref=outlook-calendar
DESCRIPTION: 
In simple terms, the cost basis of a stock is the purchase price plus any fees you may have paid to acquire it. Cost basis may be expressed for the total number of shares or for a single share. Because shares of stock are not often sold in the same number they are purchased or may include stock from different purchase lots, dates, and prices, it is necessary to calculate cost basis at the single-stock level. Fees on purchase or sale will be reflected on the confirmation sheet furnished as part of the transaction. See an example of a purchase confirmation following the text below. This does not reflect any fees but many of them do.
The IRS accepts two valuation methods for stocks and mutual funds and an additional one that applies only to mutual funds. Taking advantage of these valuation methods also requires figuring the cost basis at an individual stock level.
There are additional factors that affect the cost basis of a stock. The most common are:

Stock splits
Reinvested...

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