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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (2726)	1/16/2000 10:44:00 AM
From: Steve Lamont	Read Replies (1) \| Respond to of 5810

Thanks for the response DISU.. I'm still a little confused.. as far as you are concerned. If I can identify the stock I wish to sell, then that is all I need to do. (and since my quicken has a feature to identify which lots i want to sell, this should be enough for the IRS?)... A few year back I purchased some shares of CUBE on 3 different occasions.. when doing my income tax, I was trying to get to exactly a 3000 loss so I didn't have to deal with carry forwards (bad year!).. anyway, I selected various portions of the my three purchases to get it so that I lost pretty close to $3000 . Of course I did this while I was figuring my taxes out... Is it your opinion that this was ok? (at the time I didn't know about the FIFO thoughts)... what circumstances wouldn't i be able adequately identify particular shares?? (I suppose a DRIP plan maybe).. thanks again for any comments and can I ask with what certaincy/expertise you have regarding this issue. steve