The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: FIFO||Date: 9/27/2000 1:19 AM|
|Author: TMFExRO||Number: 40346 of 121185|
I have a stock that was purchased over a number of years. I hold the certificates for the eariest buys and some of the splits. The last split is held by the ESPP administrator (Chicago Trust). Under the FIFO rules, when I want to sell this stock do I have to sell the stock that I bought 1st, in which case I would have to send the certificates to Chigago Trust
or can I sell the ones that are allready held in the book account?
I don't think you quite understand FIFO. It's not a rule; it's a default if you don't specify what shares you're selling. I suggest you read the aritcle in the Investment Issues section of the FAQ.
Some of the certificates are for multiple shares. Does the FIFO rule apply to only multiple shares in one stock certificate or to all the stock? Also, the
stock is in four different owner names. Does the rule cover all names for that stock or on a owner by owner basis?
"I have" in your first paragraph doesn't fit with the four owners mentioned in the last. If you need more information after reading in the FAQ, please provide some clarification about the situation.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|