Regarding the IRS requirement to identify shares soldand what is "adequate" identification, see IRSPublication 550, Chapter 4 - Sales and Trades ofInvestment Property (page 40 - 41)Basically - yes you must identify, if not, it is FIFO. More specifically if the broker holds the stock, "youwill make an adequate identification if you ~ Receivea written confirmation of this from your broker orother agent within a reasonable time"=====R. Scott Bachelder
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