What if my mutual fund doesn't provide a Cost Basis Statement to file my tax return?

You can figure this yourself, if you're willing to take the time. Here's how I figure mine:

Say you bought 100 shares for $8 apiece. Your cost basis at that point is $8 per share. If you've received distributions (dividends/capital gains) and you've already paid taxes on them, you should add that per share amount to your cost basis. In this case, if your fund paid $1.5 per share in dividends in capital gains and you've paid the taxes, you can add $1.5 to your cost basis, making it $9.5 per share. If you sold half your shares at $11, you only need to report capital gains of $1.5 a share (or $75).

cost basis is what you paid for it. if you were to use accrual then you would have to pay on the gains in your mutual fund which you dont have to do until you sell it.

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