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Mutual Fund Class change
I have several mutual fund holdings in multiple retirement accounts that have been changed from Class D to Class A shares. These funds have reinvested dividends monthly for years. Mutual Fund Conversion recalculates the cost basis for each purchase but of course there are hundreds of transactions posted for each position and they are calculated to the 6th decimal place so the total number of shares does not equal the new share balance. What's wrong with simply removing the old shares and adding the new shares? These are IRA and 401k accounts so do I need accurate cost basis info? I presume not for tax purposes but yes if I want accurate rate of return calculations. A ton of work for a slight benefit in pricing!
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