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

To: professor who wrote (1974)3/10/1999 8:37:00 PM
From: Investor2  Respond to of 5810
 
Re: "Can't one also use an average cost method to determine one's cost basis instead of fifo or the specified stock."

Not for stocks. I think this only can be applied to mutual funds.

Best wishes,

I2



To: professor who wrote (1974)3/10/1999 10:29:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
prof I agree with Investor2. You might be thinking of a Clinton proposal 2 years ago where he wanted to require the method you spoke of. Clinton's proposal died on the Hill.

Colin


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