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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: zora who wrote (13877)	5/3/1999 11:23:00 PM
From: snerd	Read Replies (1) \| Respond to of 56535

zora... I think you can do it whichever way you want. I use Quicken and it asks how I want to record it in that situation. I usually use FIFO, but it also allows minimum gain or maximum gain, so I figured it was up to you. ? Snerd

To: zora who wrote (13877)	5/3/1999 11:28:00 PM
From: Trader J	Respond to of 56535

Zora, it doesn't matter which method you use as long as it is consistent throughout the year. Most, as I do, use FIFO. However, I am not a tax guy. But consistency is the key. Tj

To: zora who wrote (13877)	5/3/1999 11:40:00 PM
From: Nicole Bourgault	Respond to of 56535

Zora, Canadian Trader, correct me if I am mistaken. I believe that in Canada the law of income tax requires that we make the average. Good trade, Nicole