Message Font: Serif | Sans-Serif
No. of Recommendations: 4
I hope you don't tell me I have to contact my broker

Sorry, but that's exactly what you need to do. You must have written confirmation from your broker indicating what block of stock you have sold in order to have a proper specific identification of the stock sold.

You do not necessarily need to execute the trade by phone. You just need to determine how to indicate what block of stock you are selling so that your broker will indicate that on your trade confirmation. How to do that varies by broker. Some discount brokers have that facility built in to their online trading system. Some require you to incur a higher commission and trade by phone.

If this is an important part of your trading strategy, you might need to switch to a more user-friendly broker.

Print the post  


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.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.