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Non-Tech : The Critical Investing Workshop
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To: RocketMan who wrote (3643)2/13/2000 4:22:00 PM
From: Cosmo Daisey  Read Replies (2) of 35685
 
Rocket,
They don't match up the buys because it's up to you to declare them for tax purposes. The brokers by law use first in first out so if you have a long term holding and trade the same stock short term they match up your long term hold to your short term sell thereby negating long term cap gains treatment. As an example you hold 1000 Q for 11 months and see a day trade, buy and sell 1000 shares in the same day but your broker sells your 11 month old stock for the record.
cdaisey@gimme-the-money-i'll-pay-the-taxes.com
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