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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (8244)	4/30/2005 12:14:36 AM
From: rrufff	Read Replies (1) \| Respond to of 8752

Hi MJ- Ameritrade allows you to send an email after the fact to designate which block you have sold. They will send you a confirmatory email. I know there are others out there that actually have a pull down menu. I'll try to remember which ones they are.

To: MJ who wrote (8244)	4/30/2005 2:50:42 PM
From: Vendit™	Read Replies (1) \| Respond to of 8752

MJ, If an investor holds a stock position in one corporation accumulated over a period of time, and then sells a portion of the stock, tax code allows the investor to identify specifically the shares that have been sold. In other words, the investor can choose either "LIFO" (Last In First Out) or "FIFO" methods of accounting. If you do not choose a specific method, then the tax code automatically defaults to the "FIFO" method. (First In First Out) So in answer to your question, tax code regulates all brokerage houses and how your transactions are handled. Reid