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 youKabocza
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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst