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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