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Author: porter41 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: FIFO Date: 9/26/2000 8:23 PM
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I posted the following question to foolish questions and was told to try this forum, so here goes.


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? 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?
Thanks.
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