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To: Warpfactor who wrote (81449)	12/12/2000 7:06:19 PM
From: excardog	Read Replies (1) \| Respond to of 95453

Warp Richardson is an idiot IMO. On your tax question it is my belief that you are taxed as ordinary income on a short term trade. Regards Scott

To: Warpfactor who wrote (81449)	12/12/2000 7:34:18 PM
From: Sharp_End_Of_Drill	Respond to of 95453

Warpfactor, interesting take on Richardson's motivations. Noting how backward and nonsensical his position is reminds me of the government action in Atlas Shrugged - always claimed to be in the people's best interests, but anti-capitalist so eventually always harmful. The APIs were as exciting as ever. It has been clear the last four or five weeks that we were barely treading water on total inventory levels even in the face of 30 million more bbls. The release of SPR oil may end up being seen as the move that barely staved off a massive crisis, or as suggested the move that allowed China to fill her SPR at reduced world prices - only time will tell. Oh yeah, and Iraq hasn't loaded any oil in 11 days and according to that article they were exporting around 2.8-ish million per day. Figure at least 25 million barrels gone off the world scene. I think that number may be significant in that Iraq is showing the US they can absorb any further SPR releases with diplomatic snags. Regarding your question. I've always used only FIFO rules, but it's my understanding that you can apply LIFO if you instruct your broker to sell the certain shares you bought on a certain day - i.e. identifying them distinctly if you have other older lower basis shares. Since you actually used a different broker, there's no question that the shares sold were the ones recently bought, so LIFO is no problem to claim. Damn it's cold..... Sharp

To: Warpfactor who wrote (81449)	12/12/2000 8:42:26 PM
From: SJS	Respond to of 95453

YOU MANAGE YOUR LOTS of STOCK, not the broker or IRS. With impeccable record keeping, you should report this as a ST cap gain. Since the shares were bought and sold from Ameritrade, do I report this as a capital gain? YES Or does the FIFO rule apply regardless of broker? In which case I'm selling in my Ameritrade account what I first purchased in my Fidelity account? NO

To: Warpfactor who wrote (81449)	12/12/2000 8:42:26 PM
From: SJS	Respond to of 95453

YOU MANAGE YOUR LOTS of STOCK, not the broker or IRS. With impeccable record keeping, you should report this as a ST cap gain. Since the shares were bought and sold from Ameritrade, do I report this as a capital gain? YES Or does the FIFO rule apply regardless of broker? In which case I'm selling in my Ameritrade account what I first purchased in my Fidelity account? NO