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Who uses the specific-identification of shares method of accounting?
There are currently four ways recognized by the Internal Revenue Service
(IRS) for calculating your personal cost basis:
1. Average Cost Single Category
2. Average Cost Double Category
3. First In First Out (FIFO)
4. Specific Identification
I want to use the last one, Specific Identification of shares and I'd like to use it to dollar-cost average with a mutual fund.
What company can I do this with and have *them* keep the records? (For example, Vanguard doesn't do it.)
1 Answer
- Anonymous1 decade agoFavorite Answer
I know that they online brokers do this, like E-schwab and ameritrade.