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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: Ray Snow who wrote (1)2/3/1999 4:03:00 PM
From: Almasy  Read Replies (1) of 1383
 
Question re multiple accounts

My assumption has been that if I apply strict FIFO, if I buy a security in account A, then in account B, then sell the security in account B, I should apply the first purchase price (from account A) (and obviuosly the purchase price from account B the second time I
sell).

Is this the correct way to account, or does FIFO only work within one particular account?

Any help appreciated.
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