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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (1322)	6/12/1999 4:15:00 PM
From: surelock	Read Replies (2) \| Respond to of 10293

Barb, I haven't followed this whole discussion, and no little about the IRS, but can say that in Canada, one can report gains using either FIFO (first in first out), or on an adjusted cost basis, as long as there is consistency for all reporting. Using the FIFO method, there would be zero gain on Dales trade, and a $0 cost base on any further sales. However, it's fair to say that most people choose the adjusted cost base.

To: Mama Bear who wrote (1322)	6/12/1999 5:52:00 PM
From: Dale Baker	Respond to of 10293

I'm working on the IRS but they just don't seem to grasp my essential message. <vbg> Actually, the amounts I leave behind are pretty small and rigorously monitored concerning how much of my portfolio they take up. It's more of a way to force myself to buy and hold up to half my portfolio in companies which I think will prosper over a multi-year time horizon. I can always turn out to be wrong. So far this year, that's happening 30 - 40% of the time. But being right with the rest puts me well ahead despite the anemic market. Do you have any friends in the IRS I could talk to about this? ;<)