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


To: Daniel who wrote (175)11/3/1997 3:58:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
Daniel >So we don't need to decide which lots we're selling
>before placing an order (to avoid having to assume FIFO), right?
.
This is what the official Regulation says:
Reg 1.1012-1(c) Adequate Identification: Indentification by the brokerage within a reasonable time after the trade was executed. .
The broker indicates in a written document the stock identified as sold.-- even if the broker sells other stock certificaters (for instance, in error).
.
Colin