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Technology Stocks : All About Sun Microsystems
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To: bill copich who wrote (39970)1/2/2001 6:33:39 PM
From: John Carragher   of 64865
 
bill hope this helps

from your income tax pub 17
Identifying stock or bonds sold... If you can adequately identify the shares of stock or the bonds you sold, their basis is the cost or other basis of the particular shares of stock or bonds. If you buy and sell securities at various times in varying quantities and you cannot adequately identity the shares you sell , the basis of the securities you sell is the basis of the securities you acquired first. For more info about identifying securities you sell, see stocks and bonds under Basis of Investment Property in Chapter 4 of Publication 550.

Prior to reading this in the pub. I had heard you should tell your broker what stocks you are selling by giving them the purchase date. However, it is impossible with on line brokers today. ha.
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