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Author: ibarz Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121261  
Subject: Stock sales cost basis Date: 4/16/2008 4:31 PM
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If I have several transaction of the same security, do I get the option to determine which ones are sold and bought at certain times? For example:

Buy 100 GE @ $30 Jan 2007
BUY 100 GE @ $35 Mar 2007
Sell 100 GE @ $34 Dec 2007
Sell 100 GE @ $36 Feb 2008

It can be seen as
Shortterm gain of $4 x 100 = $400 (Jan - Dec)
shortterm gain of $1 x 100 = $100 (Mar - Feb)

or also
Short term loss of $1 x 100 = - $100 (Mar - Dec)
Longter gain of $6 x 100 = $600 (Jan - Feb08)

=> Essentially same gains but taxwise scenario 2 is advantageous. How do you determine this?

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