NOS...[at]joinme.com wrote:

- quote -

You are correct. Select the broker by which stock he holds
and give him the order. That is sufficient "identification"
to avoid FIFO rules.

ed

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In 2004, I bought 1000 shares of a stock at $21 per share.
In 2005, I bought 1000 shares of the same stock at $24.50
per share using a different stock broker, so that I now get
a statement from Broker A showing 1000 shares bought in 2004
and a statement from Broker B showing 1000 shares bought in
2005. The stock is now at $29 per share and I want to sell
1000 shares with minimal capital gain. Can I accomplish
that goal by merely instructing Broker B to sell my 1000
shares? If not, what else must I do to sell the more recent
lot?

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >