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


To: zora who wrote (13917)5/4/1999 10:03:00 PM
From: Mr.G  Read Replies (1) | Respond to of 56535
 
Zora --FIFO
My head is still spinning from April 15th but I can tell you for a fact that the IRS requires you to use the FIFO method unless you can prove, by record, that the shares you sold were from "group B" instead of "group A".
See Publication 550 for a detailed explanation.
Regards,
G.