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Author: Beaver1956 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122998  
Subject: Re: PLEASE HELP ME UNDERSTAND. Date: 12/7/2000 8:17 PM
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In your first stock, you invested: 100x10=$1000;100x20=$2000;100x5=$500; total of $3500 plus commisions, if any. You sold for 300x10=$3000 minus commissions. The difference is $500 loss plus commisions. It is a short term loss (less than one year holding period). On your second stock you invested 50x30=$1500 plus comm., received 50x10=$500 for a loss of $1000 plus commissions both ways.You don't mention in the second stock when bought and when sold, if less than a year it will also be a short term loss, otherwise, it would be long term. I am not a tax expert, so I suggest you check with one on how to report the losses, or use tax software like Taxcut ($10) if you feel confortable with it. Roberto.
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