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#2
12-18-2003, 11:34 AM
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 Re: gains/losses --- can I specify shares MB wrote: - quote - > Suppose I buy 300 shares of XYZ in Jan 2002 and then buy 200
Yes. You have to inform your broker before the sale, and> XYZ in March of 2003. > I now want to sell 200 XYZ. > Can I specify which shares? IRS regulations (not, IMHO, supported by law), specify that the default FIFO (First-In-First-Out) rule apply unless the broker sends a written confirmation. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
12-18-2003, 11:34 AM
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| Re: gains/losses --- can I specify shares "MB" <mel[at]prodigy.invalid.net> wrote: - quote - > Suppose I buy 300 shares of XYZ in Jan 2002 and then buy 200
Yes, you can. When you issue your sell order to your> XYZ in March of 2003. > I now want to sell 200 XYZ. > Can I specify which shares? broker, tell him or her which shares you want to sell. If you use an online broker, you should still be able to specify which shares. Joel Berry, CPA Sugar Land, Texas << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-18-2003, 11:15 AM
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| Re: gains/losses --- can I specify shares "MB" <mel[at]prodigy.invalid.net> wrote: - quote - > Suppose I buy 300 shares of XYZ in Jan 2002 and then buy 200
Yes, assuming your broker provides a way for you to do so> XYZ in March of 2003. > I now want to sell 200 XYZ. > Can I specify which shares? (some online brokerages don't). The broker should also provide a written confirmation of which shares were sold. -- Barry Margolin, barmar[at]alum.mit.edu Woburn, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-17-2003, 09:43 AM
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| gains/losses --- can I specify shares Suppose I buy 300 shares of XYZ in Jan 2002 and then buy 200 XYZ in March of 2003. I now want to sell 200 XYZ. Can I specify which shares? Mel << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| gains or losses, shares |
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