Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Dan Duchardt who wrote (3855)	6/26/2001 6:04:58 PM
From: Colin Cody	Read Replies (1) of 5810

Dan, The IRS looks at stock share certificates much like fungible commodities. You may identify any shares in your name as the shares sold, even if those shares are held at home or in a different brokerage account at the time. You may substitute share certificates for "delivery vs. payment" on settlement day without regard to the IRS and the lot identified as the one sold for tax purposes. Colin

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