SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ask Vendit Off-Topic Questions
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MJ who wrote (8244)4/30/2005 2:50:42 PM
From: Vendit™  Read Replies (1) of 8752
 
MJ,

If an investor holds a stock position in one corporation accumulated over a period of time, and then sells a portion of the stock, tax code allows the investor to identify specifically the shares that have been sold.

In other words, the investor can choose either "LIFO" (Last In First Out) or "FIFO" methods of accounting. If you do not choose a specific method, then the tax code automatically defaults to the "FIFO" method. (First In First Out)

So in answer to your question, tax code regulates all brokerage houses and how your transactions are handled.

Reid
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News