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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: BILL L who wrote (6289)	4/29/1999 12:56:00 AM
From: Deanne	Read Replies (1) \| Respond to of 13953

I just had the same thing happen to me and already received their email. They said they use first in first out unless you check you want to specify lots. I don't remember seeing the question. Anyway, I asked them to change it and they said they could not. They do not report the lots to the IRS and it is up to you to report it how you see fit, you just declare which lot on your tax forms. At least in my case the one they picked gave me a loss on their records. I was just trying to sell the lot that made me even. The only thing that bugs me is I wanted to see my records on E*trade the same way I am keeping them on Quicken. Now my figures don't match. Although around tax time I may be happy about the way they did it if I have a lot of (hopeful) gains to offset. Deanne