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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: excardog who wrote (81443)12/12/2000 6:42:47 PM
From: Warpfactor  Read Replies (5) of 95453
 
Do I understand then that Richardson would prefer that people freeze in their homes so that Kaiser's employees won't have a paid vacation?

A tax question for the more active trader's:

Assume I hold shares of ABC in a long term account with Fidelity. Now assume that the shares of ABC take a sharp dip. I want to sieze the opportunity for some short-term profits, so I buy some shares in my Ameritrade account.
After a week goes by, the ABC stock price rebounds, and I sell my Ameritrade shares for a tidy profit.

Since the shares were bought and sold from Ameritrade, do I report this as a capital gain? Or does the FIFO rule apply regardless of broker? In which case I'm selling in my Ameritrade account what I first purchased in my Fidelity account?

I've been assuming the former, however I've never found documentation to back it up.

Warp
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