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<< A taxpayer holding shares of the same company purchased at different
times or at different prices may wish to identify which shares are being
sold because the tax consequences of selling from the different lots
will differ.
I assume that the first procedure he describes is on shaky ground with
the IRS. >>
I think you are correct.

Patzer

Schwab does not have a method of accomplishing specific transactions either. After about a year of describing the problem to many employees mostly by letter and then sending a letter to Charles Schwab I have given up. For the most part Schwab employees do not have a clue. I can only conclude that the employees are not affluent enough to own two blocks of any one stock and they mostly deal with nickel and dime accounts.

My solution has been to open multiple accounts to maintain separation. It's a kluge but the only solution that I see. ML can maintain separation but the wise have their own set of problems. As soon as some discount broker catches on to the needs of the investor I will be prone to switch. Currently I have three sets of dogs and two spare accounts. Transferring funds between accounts is relatively easy.

Bill Stanley
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