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Author: soui Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121594  
Subject: Re: YASQ Date: 12/20/1999 4:00 PM
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<<Say I hold xx.xxx shares of a stock in a DRP, and then I go out and buy xx shares of this same stock through a discount borkerage. I hold most of the shares of stock in the DRP program in certificate form, and they were not purchased at the same discount borkerage as the later lot. I then sell the later lot. Since this is the only lot I purchased there, and since it is obviously not from the first lot (since I hold the actual certificate for those), do I need to do anything special to claim the later basis?>>

Nope. One of the ways around the specification rules (broker notification and confirmation) is to hold the shares in certificate form. It's really cumbersom. But if you decide to do that, you can ALWAYS specify the shares that you are selling, because you are turning in the actual stock certificate.

In this case, while you aren't turning in the certificate, you are turning in everything BUT the certificates. It would sure seem to me that this would qualify as to specifying these specific shares.


Thanks Roy. That's what my logic told me, but I just wanted to be sure. (We all know how far one can coast on logic in the IRC.)

Cheers,
soui
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