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Posts Tagged ‘mutual fund statements’

I would like to know if I need to keep bank and mutual Fund statements?

August 13th, 2010

I have kept bank and mutual fund statements for years. I would like to throw them away if not needed. I have some mutual funds I purchased 15 years ago with dividand invested. In order to calculate the cost basis of the fund when I sell the shares, I think I need to keep records of the cost of share when the dividend was used to purchase additional share. Many of the large Mutual Fund companies have started capturing the cost basis for shareholders in the last 10 years so they calculate the cost basis for you. Some of the smaller mutual funds companies do not have this type of service. Any advice is helpful.

For the bank statement, after I reconcile the checks, do I need to keep them for any reasons?