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Non-Tech : Datek Brokerage $9.95 a trade
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To: clochard who wrote (4929)9/27/1997 10:56:00 AM
From: Jon Tara   of 16892
 
Steve, not a problem. My understanding of the way things work "officially" is this:

1. You choose a method, LIFO, FIFO, etc.

2. Any time you want to violate that method, you must DESIGNATE TO YOUR BROKER the specific shares that are being sold, and they must mark your trade as such.

I believe that Datek can do this, but only on a telephone trade. So, for most Datek traders, it would be possible for Datek to print out your tax records for you. You'd just have to specifiy your aging method.

However, I don't know of any brokerage that does this. I would suspect there would be liability concerns.
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