A friend owns a mutual fund, Capital World Bond Fund CL A. He has owned it for a fairly long time, but does not know how long. It might have originally been with a different brokerage about a decade ago. He does not remember.
He wants to sell the fund (for a loss), and the current brokerage reports the Cost Basis as more than the Amount Invested.
How is this possible?
(BTW, his financial adviser has given him the Amount Invested value and not the Cost Basis in order to compute the net loss, but I'm fairly sure the financial adviser is wrong. See this SE question.)