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To: bill copich who wrote (39970)	1/2/2001 3:43:05 PM
From: techtonicbull	Respond to of 64865

You can do a sale verses purchase (VSP) but I believe you must designates the VSP date prior to the sale or else it defaults to FIFO.

To: bill copich who wrote (39970)	1/2/2001 4:52:48 PM
From: Mephisto	Respond to of 64865

First In First Out is the easiest way, I would have thought, but ask John Carranger. He keeps up with the tax laws so if they have changed he would know. You can always call the IRS. They'll call you back. Also, there should be a IRS information at your local library. Just make sure it is current.

To: bill copich who wrote (39970)	1/2/2001 5:52:05 PM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear Bill: Unless you specify WHEN YOU SELL you are supposed to use the FIFO method. First purchased first sold. JDN

To: bill copich who wrote (39970)	1/2/2001 6:33:39 PM
From: John Carragher	Respond to of 64865

bill hope this helps from your income tax pub 17 Identifying stock or bonds sold... If you can adequately identify the shares of stock or the bonds you sold, their basis is the cost or other basis of the particular shares of stock or bonds. If you buy and sell securities at various times in varying quantities and you cannot adequately identity the shares you sell , the basis of the securities you sell is the basis of the securities you acquired first. For more info about identifying securities you sell, see stocks and bonds under Basis of Investment Property in Chapter 4 of Publication 550. Prior to reading this in the pub. I had heard you should tell your broker what stocks you are selling by giving them the purchase date. However, it is impossible with on line brokers today. ha.