This does bring up an interesting question.
Let's say you just go with the Vanguard defaults. You convert a mutual fund using the Average-Cost method to an ETF which by Vanguard default is using FIFO. What dates is the newly converted ETF using for FIFO? It must be keeping the original date data from the MF, or using the date of conversion with the average price?
If it's using the original date of the lot purchases from the mutual fund, then it seems that you could switch the cost basis method after the conversion to SpecID or any other method?
thoughts? has anyone converted a mutual fund that was using Average Cost and then sold shares of the converted ETF that was using FIFO or any other method?
Let's say you just go with the Vanguard defaults. You convert a mutual fund using the Average-Cost method to an ETF which by Vanguard default is using FIFO. What dates is the newly converted ETF using for FIFO? It must be keeping the original date data from the MF, or using the date of conversion with the average price?
If it's using the original date of the lot purchases from the mutual fund, then it seems that you could switch the cost basis method after the conversion to SpecID or any other method?
thoughts? has anyone converted a mutual fund that was using Average Cost and then sold shares of the converted ETF that was using FIFO or any other method?
Statistics: Posted by standard7 — Fri Jan 03, 2025 3:58 pm — Replies 12 — Views 363