Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Steve Lamont who wrote (2713)	1/15/2000 6:14:00 PM
From: Didi	Read Replies (1) of 5810

"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 identify the shares you sell, the basis of the securities you sell is the basis of the securities you acquired first." irs.ustreas.gov ............................ Hi Steve, Please relax. Agents are humans like all of us and often more pleasant than viewed. All they ask for is reasonable substantiation. Please know the rules, for taxpayers bear the burden of proof. Lots of free information on-line. I dropped several useful URLs at various websites. Please seek free "simple and plain English" information from the treasury's publications. You don't need fancy or complicated code or regs on most issues. Leave them to practitioners and the govt. Best of luck to you, Steve. di

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