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.
Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeuspaul who wrote ()1/13/2000 9:46:00 AM
From: Steve Lamont  Read Replies (6) of 5810
 
Can someone help me out with the rules for specifying lots when using an on-line broker..

I am under the impression that unless you tell your broker what specific shares/lots you are selling then you must use FIFO (first in/first out) method... but how does this work with on-line brokers.

specifically if I have a long term position in WCOM purchased in dec 94.. the other day I double my position but my intent is only to keep these additional shares for a short period of time..

if i sell 1/2 my new position to get to my original position, again using an on-line broker, am I really selling my '94 shares??? or can I just pick what shares I want to sell myself.

thanks for any advice.

steve
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