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Subject:  another cost basis question... Date:  2/10/2000  12:39 PM
Author:  UMsprite Number:  28169 of 127611

ok, i need to know if i've figured this out:

for individual securities, if i bought xyz company shares twice in one year,

50 shares @ $20/sh = 1000, c.b= 20/share
20 shares @ $40/share = $800, c.b=40/share

and sold all of the shares at the same time at $50/share (in the same year as purchased), since you cannot use an average cost basis for stocks, do i list the final transaction as separate transactions on my tax forms?

ie 50 shares sold at $50/share, gain of $1500 and
20 shares sold at $40/share, gain of $200?

or do i just calculate the two different gains and then add them together?

and if the stock split after i purchased all of the shares, will the cost basis be 100 shares @ $10/share and 40 shares @ $20/share?

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