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Financial Planning / Tax Strategies


Subject:  Re: Cost basis calculation (whadda headache) Date:  2/1/2000  1:33 PM
Author:  CrowTRobot Number:  26605 of 127549

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.

Gotcha -- thanks. I gather that if I do this in TurboTax, I should enter it as a ``forced short' assuming the period is less than a year? (Otherwise it'll require a single date.)

So, one last thing.. If I have a sale of 5000 shares, where 2500 were bought within a year, and 2500, say, two years ago -- do I split it into two sales?


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