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<<I have a question about claiming capital loss from a stock investment. I bought 400 share some
stock at $25 13 months ago. I bought another 400 at $18 10 months ago. Now the stock is at $10
and I would like to sell a portion of the 800 shares to claim some loss. I have no other capital gain
in my return this year. How do I calculate the cost basis of the stock if, say, I sell 200 shares?>>

Joe...

KAT provided you with the "right on" answer in all respects. If, for whatever reason, you DO want to specify the other lower basis ($18) shares, you might be able to do so (but, as KAT points out, I'm not sure why you would want to do so).

Check out my Frequently Asked Question on "Specifying Stock" in the Fools School area and you'll get a flavor for what is involved if you want to specify shares rather than using the FIFO (first in-first out) method.

TMF Taxes
Roy
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