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Non-Tech : The Critical Investing Workshop
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To: Dr. David Gleitman who wrote (9424)3/28/2000 6:56:00 AM
From: Percival 917  Read Replies (1) of 35685
 
Morning Doc,

LIFO is Last in First Out and FIFO is First in First Out. The post I saw referenced that if you use the method you described (which is buying shares about to be called away and taking a bit of a loss...original cost 150/share, sold 220 CC and now stock is 240/share) uses the LIFO method. The poster expressed that you need to be consistent. If you mix LIFO and FIFO the IRS might have a problem. I don't see how this is an IRS issue but it might be.

Hope this came out reasonably clear.

Later,

Joel
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