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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp
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To: Eric J. Beyer who wrote (630)8/23/1997 9:23:00 AM
From: Gary   of 1028
 
Eric

You can identify a specific lot to be sold but it must be done at the time of the sale and the broker's confirmation should indicate so.

Your example is puzzling. Why would anyone want to sell the lower cost shares for a profit when one could take a loss on the other lot. Your holdings would be the same in either case and you would defer the tax. The only situation that this might make sense would be if you have a large capital loss carryforward so no tax would be due at the time of sale, but it still does not make a great deal of sense as the larger loss carryforward could be used to offset the subsequent gain on this stock or others in the future.

Hopefully, this stock goes up and your loss is converted to a gain.

Gary
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