Hi All, it’s been easy to find ways to calculate cost basis when buying more shares, but I’m really struggling to calculate the new cost basis per share if I sell some of my investment. Can someone explain this to me.
Example:
I purchased 100 shares of a fund at $10.
Years later the value is $20 per share, and my cost basis went down to $8 per share from reinvesting dividends.
If I sell 20 shares at $20 each, what is the new cost basis per share?