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

To: Colin Cody who wrote (1970)	3/10/1999 1:58:00 PM
From: Brendan W	Read Replies (1) \| Respond to of 5810

Colin, in the past whenever I'm selling a partial position with multiple tax lots, I have always used specific identification to identify which lot(s) I'm selling. My broker recently made it more expensive to do specific identification. My question: can I assume that if I don't identify that FIFO will always be used? In other words, can I use specific identification when the high-basis tax lots are the last lots, and default to FIFO when the high-basis tax lots are the first lots?