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Technology Stocks : COMS/USRX

COMS 0.00130

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Nov 4 10:50 AM EST

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To: David Lawrence who wrote (1087)	3/25/1997 11:50:00 PM
From: Wayne Lian	of 1384

Re:Tax issues I have purchased COMS in four separate days over last few years. The most recent ones have a paper loss. I planned to sell the loser to offset other gains I have, but to my surprise ETrade didn't let you specify which lot to sell. The broker told me ETrade didn't report to the IRS which lot they sell. All they report is the number of shares sold. He said it is up to me to tell the IRS which lot I sold. I am not sure what proof do I have to show the IRS that I sold the loser lots. If FIFO or average cost basis is used I will be paying the IRS instead. Thought about switching broker. Called Lombard, they said they will let you specify the lot by its purchase day. But one trade for only one day--lots purchased in separate days cannot be sold together if you want to take this advantage. Anyone has tips how to sell and claim loss on the loser lots? Wayne

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