The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Cost basis calculation (whadda headache)||Date: 2/1/2000 2:06 PM|
|Author: TMFJeanie||Number: 26613 of 122105|
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?
While we're waiting for one of the "tax pros" to answer your question, I'll just toss in my 2c and say that I think you want to show it as two separate sales, so that you get the benefit of the long-term cap gains rate for those shares you held longer than a year.
That's the way I presented a similar sale on last year's return and my tax accountant didn't holler at me, so I guess it was correct.
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