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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: OldAIMGuy who wrote (10042)1/17/2000 12:47:00 PM
From: Saul Seinberg  Read Replies (1) of 18928
 
Hi Tom,

Just curious about the way in which you document sales for tax purposes from the Veale Equity Warehouse. If I remember correctly, you treat your sales on a LIFO basis. My question applies equally to a FIFO situation as well.

If you're using an on-line broker, how do you document your instructions to sell the newest shares first (LIFO)? I have heard that even traditional brokers are reluctant to provide documentation of the sale of a partial holding and I was wondering what you were able to get your broker (on-line variety or not) to do for you with respect to establishing which shares were sold in case the IRA asks.

Thanks in advance for your response.

SAS... (in them cloudy, but still pleasant mile high foothills)
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