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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Kenith Lee who wrote (30795)4/2/1998 12:15:00 AM
From: Joe NYC  Read Replies (1) | Respond to of 1572142
 
kl,

According to IRS tax rules, trades must be reported in a first-in-first-out... This means you lost $5 15/16 (original shorted at $22 13/16 and covered at $28 3/4) plus commissions.

Are you sure about the first-in-first-out? That would actually be advantageous for Vinman. It's better to recognize losses before gains.

Joe