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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Kaye Thomas who wrote (534)	10/25/1998 12:50:00 PM
From: softcash	Read Replies (2) \| Respond to of 1383

Thanx Kaye, but what confuses me is.. Buy 3000 stock x at 10 May 1 Sell 1000 stock x at 8 May 15, lost $2,000 Sell 2000 stock x at 11 May 31 gain $2,000 How much gain do I report to the IRS in this example? If it is zero, then the loss on May 15th in the above example must have been added to the basis of the stock that was sold on May 31st? Thanx again!