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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120820  
Subject: Re: Capital Gain or Loss? Date: 12/11/1997 3:51 PM
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<<The brokerage usese FIFO
So if I sell they will say I made a gain
But I want to sell that I bought this year...
and maintain what I brought last year?

So what should I tell the brockerage to do this
and what should I tell IRS that is is a LOSS
not again as the brockerage says?>>

As JeanDavid points out, there is a method by which you can specify the shares that you want to sell. There are certain hoops that you must jump through in order to ensure that the proper shares are sold. But you can certainly do it.

For additional information on this very issue, check out the Taxes Frequently Asked Questions area, and read the post entitiled "Specifying Stock". You'll get a flavor of exactly what you are required to do.

You can get to the FAQ area from the main Fool screen, then going to the Fools School area. Just follow the roadmaps from there.

TMF Taxes
Roy
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