Question: Research Problem 7. The specific identification method is important when one invests in mutual funds. When taxpayers sell part of their holdings, the basis of

Research Problem 7. The specific identification method is important when one invests in mutual funds. When taxpayers sell part of their holdings, the basis of the surrendered shares can be difficult to compute. Go to the site of an investment adviser or mutual fund to find instructions on how to compute the basis of the shares sold. What options are available to the taxpayer according to this information? Illustrate each of the alternatives.

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