Thanks a lot for your reply Mr.Irasmilo.

I need clarification for the below question.


Q1

This is regarding stock identification to compute
capital gain/loss. The question is, is it not implicit that if i
were to sell a particular stock in account XXX, it is the stock i bought in that account xxx.

is the following right mehod of computing capital gain/loss?

Q2.

I use first-in-first out in each account while computing gain/loss due to the fact that shares sold in a particular account
are shares bought in that account. I addition, i look for wash sale affecting the two accounts like selling in one account and buying in another account. Is it not OK?

Q3.
Why do i need to combine both accounts and sort all the buys and sells of a particular stock in both accounts and then apply
first-in-first out observing wash sale rule?



I have two brokarage accounts with DATEK brokarage firm


Opened Account XXX with an initial deposit of $9000.00
on Jan/15/2000


Opened Acoount YYY with an initial deposit of $5000.00
on fEB/01/2000


Account Date Trans_Type No of Shares Price/Share Total Cost

XXX 02/05/00 Buy 400 SYBS 20$ $8000

YYY 03/15/00 Buy 300 SYBS 15$ $4500

YYY 05/30/00 Sell 300 SYBS 25$ $7500

XXX 04/10/00 Sell 200 SYBS 10$ $4000


How will i compute the gain/loss

I would really appreciate any help.

sincerely,

srinivas