SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : COMS/USRX
COMS 0.001300.0%Nov 4 10:50 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayne Lian who wrote (1089)3/26/1997 8:25:00 AM
From: david decamp   of 1384
 
My understanding on the subject is that the FIFO method

applies (First in First Out) by the date of purchase if a specific set
of shares are not specified AND the brokers statements show
gain/loss.

So, most traditional
brokers will let you specify exactly which block or blocks of shares
you are trading, so they may provide a record for you on your
statement. However, my accountant says this is not necessary.
All you really need to do is keep very accurate records of what
you purchased and what you sold, in case you are ever audited.
You simply have to be careful not to sell the "loser" shares twice
by mistake! So, if you are happy with Etrade, sell the whole
number there in a single transaction, and keep good records.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News