SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Saul Seinberg who wrote (10048)1/17/2000 6:50:00 PM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi,
Hope I'm not butting in where I shouldn't, but my accountant said that one should pick one method either FIFO or LIFO and stick to it. As a result we FIFO on everything.
Bernie



To: Saul Seinberg who wrote (10048)1/18/2000 4:13:00 PM
From: OldAIMGuy  Respond to of 18928
 
Hi Saul, From what I have learned, the main thing the IRS doesn't want you to do is mix and switch methods of accounting. Their attitude is "Pick and Stick", pick a method and stick with it.

Sorry I don't know any more about the brokerage documentation. It's never come up in what I've done. Maybe one of the others here can comment.

Best regards, Tom


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News