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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121105  
Subject: FIFO ? Date: 6/5/2009 12:08 PM
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If I have inherited shares of a company and then buy additional shares, when I sell any, if I don't designate shares to sell, is it FIFO(the inherited shares go first) ?

thanks
rad
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Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 106217 of 121105
Subject: Re: FIFO ? Date: 6/5/2009 12:19 PM
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If I have inherited shares of a company and then buy additional shares, when I sell any, if I don't designate shares to sell, is it FIFO(the inherited shares go first) ?

thanks
rad

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Yes, if they're all in the same account, those are your two choices.

If, on the other hand, you received paper certificates for your inherited shares, and your purchased shares are in a brokerage account, or a Compushare account, etc., which often happens, and you're not selling the certificate shares, then you only have to sort out your shares held in street name.

Bill

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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 106218 of 121105
Subject: Re: FIFO ? Date: 6/5/2009 12:39 PM
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Thanks - this was a pre-buy question. Since there are plenty of fish in the stock sea, I'll buy a different company for the new purchase.

rad

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