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Hello, I would like to share an interesting situation with all the users on this message board.

In the beginning of 1998, I bought 200 shares of stock A @ $40/share. In July, I sold 100 shares @ $120/share and repurchased 200 shares @ $60/share in September. In October, I sold 100 shares @ $85/share. I am still holding the rest 200 shares in 1999.

1. In this case, I bought 400 shares and sold 200 shares of the same stock at different time. In calculating of the the gain, which cost should I base on? (the one I bought @ 40/share or @60/share?)

2. Can I report the cost of the stocks I bought in 1998 but not sold yet on schedule D?

3. If I sell all my stock A in 1999, how can I report the cost on schedule D in 1999?

Thank you for your advise.
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