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So your saying that it dosnt matter in this situation because the broker automaticly sells the oldest held stock..{unless I tell them elsewise}...Even though im thinking they cant..My reason for thinking that is because the orignal margin $ value is based on the oldest held stock.

Correct me if I'm wrong, but each of your shares has the same value to the broker as security for the margin loan. It doesn't matter what you paid for them.

Now if there's something in your margin agreement with the broker that somehow blocks those older shares from sale, and you can show that they were blocked at the time you thought you sold the new shares, you could be in business. I'll admit that I don't have first-hand experience with margins, but I don't think they work this way.

So come tax time I cant tell the IRS that certain stock..Identifiable by there tracking # was bought and sold for the short term..While tracking #'s representing stock bought 9 mo's ago are a long term play and were never intended to be sold only borrowed against.

You definitely cannot make the designation at the time you file your return. That answer won't change no matter how many different ways you ask it.

I don't understand these tracking numbers you mention. If they are somehow included in your sell order and the broker's sale confirmation and they identify specific shares, then you'd have satisfied specific identification.

Phil Marti
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