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Non-Tech : The Critical Investing Workshop
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To: Neal davidson who wrote (9227)3/26/2000 11:16:00 AM
From: stoxnstix  Read Replies (2) of 35685
 
Notwithstanding the gentleman from NYU's I do believe you may, with proper documentation, account for your trades on a tax lot basis. In this case you would be allocating your trades on a LIFO basis (Last In First Out) . Where you can get in trouble is if you start to mix your methods. i.e. switch to FIFO and then back to LIFO.

Therefore, IMO you certainly could allocate a new purchase to a position that was called out. Naturally, you should not substitute my judgement for you and your CPA's.
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