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Technology Stocks : LSI Corporation
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To: shane forbes who wrote (18902)6/15/1999 7:00:00 PM
From: Robert Salasidis  Read Replies (1) of 25814
 
Depends were you live.

if you were to buy 100 shares at 10$ and 100 shares at 15$ and sell 100 at 25, in the US you can chose the cost basis of the 100 sold shares to be 10 or 15 (depending on which block you sold). In Canada, all shares are pooled and any sales are off an average amount. The US method (as usual) gives more flexibility as it allows easier shifting of shares between accounts, and minimization of tax liability on partial sales.
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