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URL:  http://boards.fool.com/by-default-you-are-first-in-first-out-you-enter-11907482.aspx

Subject:  Re: Cost basis calculation (whadda headache) Date:  2/1/2000  10:59 AM
Author:  JABoa Number:  26590 of 121095

By default, you are First In, First Out. You enter the date acquired as "various" on Line 1 of Schedule D. Your costs are for the first 3000 + 1500 shares.

Other reporting methods are possible, and TMFTaxes has discussed them in his Tax Guide. But if you didn't set up an arrangement with your broker, FIFO is it.
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