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

To: mod who wrote (613)12/11/1998 1:51:00 PM
From: Pices  Respond to of 1383
 
Dennis,

Thanks!!! I called them and they took the trade over the phone at the same commission cost ($20) as if it were an on-line trade. Very helpful and they will allocate the sale towards the recently purchased shares.

Thanks Again!

Pices



To: mod who wrote (613)12/11/1998 6:21:00 PM
From: Colin Cody  Respond to of 1383
 
Dennis most your advice I agree with. But the part of just writing down your conversation with the broker where you told him to sell specific shares.

What if the IRS then is shown these notes 2 years later during an audit. Who's to say the taxpayer didn't stay up late the night before and scribbled the notes at that time?

In this case, I would want clear third party verification that it WAS done. Just my 2 cents (g)

Colin


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