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: Zeuspaul who wrote ()	9/29/1997 10:52:00 PM
From: Zeuspaul	Read Replies (1) of 5810

"1. You choose a method, LIFO, FIFO, etc." How does this work if you have two brokers and have the same stock in both? For example: You buy 100 shares of IBM on Jan 1 with broker A..and buy 100 shares of IBM on Feb 1 with broker B. If you sell from Broker B can you still use FIFO and apply the gain or loss to the stock that still exists in Broker A?? or do you use FIFO seperately for each broker account? Thanks zeuspaul techstocks.com

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