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 (183)	11/5/1997 9:44:00 AM
From: RealMuLan	Read Replies (1) of 5810

As a matter fact, E-trade had this service back in April this year and I used it, but then they eliminated it. I guess they did it for a reason, either because IRS told them it does not matter, or because it was costly. I am a short-term investor. 100% of my gains are less than one year, and I don't hold any stock longer than a year. So it doesn't really matter for me by using LIFO or FIFO. And one more thing, apparently not many people are worried about the lot, otherwise, there won't be so many people join on-line trading, will there? Good luck.

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