Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB Message Board

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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB

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To: Sean Salisbury who wrote (213)	5/2/1999 11:21:00 PM
From: gridiron 99	Read Replies (1) of 253

I have this question that I have always forgotten to ask my broker everytime I talked to him. I thought I'd throw it out and maybe someone has the answer to it. Suppose I have bought a total of 200 shares of XYZ stocks at 2 different times. Each time 100 shares. I am currently having paper profit on the first 100 shares, but paper loss on the second 100 shares. If I will sell 100 shares tomorrow because I need some cash, then as far as tax purpose concern, how does Uncle Sam know I have capital gain or loss ? Can I just declare a gain or loss as I would like ? Do I have to tell my broker when I sell which 100 shares that I am selling ? Thanks

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