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Author: kabocza Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121175  
Subject: help on 1099-B Date: 2/22/2000 10:53 PM
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Dear MTFTaxes!
In 1999 I purchased a stock on two separate occasions at different prices. By the end of 1999 - I sold a small portion of the stock on five occasions for a loss. As of today, I still own shares in this stock.
I'm unsure about how to fill out the 1099-B boxes regarding this capital loss.
Your assistance would be greatly appreciated.
Thank you
Kabocza
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Author: RooCat Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 29667 of 121175
Subject: Re: help on 1099-B Date: 2/22/2000 11:34 PM
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In 1999 I purchased a stock on two separate occasions at different prices. By the end of 1999 - I sold a small portion of the stock on five occasions for a loss.

You must use FIFO (first in first out) on your basis (which is what you paid plus commissions) so the first stock you bought would be the first you sold. Each of your 2 purchases would have a basis of Y total paid divided by X shares. This gives you your per share basis. If you need further information, let me know.

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