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Author: stockmover Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121159  
Subject: Re: Cost Basis Date: 8/9/2009 11:59 PM
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Hi Peter
<snip>
(if)this is a stock, you must use FIFO unless you choose to use specific identification at the time the stock was sold.

I have always been curious about this because I buy/sell all my stocks online and do not have direct contact with a broker (as I am sure many other Fools do their own online trading too) so how can I document which purchase block of stock I am selling? When I sell a stock I know what block I am selling of course and accordingly show that on Sch D.
I hope you don't tell me I have to contact my broker and have him/her execute the trade and notate which purchase block I am selling while I incur a much higher commission? Please say it isn't so.

TG
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