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Financial Planning / Tax Strategies


Subject:  Re: Different Brokers = Different Lots? Date:  6/12/2003  3:34 PM
Author:  lorenzo2 Number:  65804 of 128041

Re company X, yes, the shares owned through the broker are distinct from the shares owned via X's div reinvestment plan. You should keep cost basis numbers separate and distinct. Likewise, if you own blocks of the same stock thru two different brokers, you should treat them as separate and distinct. (Except for wash sale purposes...)

Re EK and DRIPs, you really have me confused here. About all I understand is that you sold some EK and used some kind of average basis, which as you have since learned, is incorrect. Could you be a little more specific on what you did and when? What transfer of shares are you talking about? I don't even understand how many brokers are involved.

I think you can rarely go wrong with filing amended returns - well, provided you now do everything correctly.


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