Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: punfung Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Cost calculation in different timelines Date: 2/6/1999 9:14 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Macro Economics

2.1: The Labor Pool Problem
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement