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<< My question is, am I stuck using the FIFO method if I didn't designate otherwise at the time of my sale? I would like to technically have "sold" some of the later shares I bought, and not the first 50, for tax purposes. If I'm stuck selling the "first" 50, how can I avoid the FIFO accounting next time around with Waterhouse (or any other on-line broker)? >>

Yes, you're stuck. To find out how to do it next time, read the article on Specific Identification in the FAQ. If Waterhouse can't accomodate you, search the board on "specific identification." There have been several threads about finding brokers who can do it.

Phil Marti
Tax Preparer
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