Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121319  
Subject: Re: FIFO Date: 9/27/2000 1:19 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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?


I don't think you quite understand FIFO. It's not a rule; it's a default if you don't specify what shares you're selling. I suggest you read the aritcle in the Investment Issues section of the FAQ.

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?


"I have" in your first paragraph doesn't fit with the four owners mentioned in the last. If you need more information after reading in the FAQ, please provide some clarification about the situation.

TMF ExRO
Phil Marti
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement