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gharnett: "My thanks for the reference to the Tax Court's opinion, which I've filed away for later reference. It does seem to support the view that I heard on, does it not?"

I think that your are being very optimistic. The tax payer in the cited case had standing instructions to always sell the shares with the highest basis, and then accounted accordingly. IIRC, your original post discussed deciding long after the fact which shares were sold, and implied (or I least inferred) that it would not necessarily mean those with the highest basis. If I understood your original post correctly, then, IMO, there is a huge difference between your plan and the one approved in the referenced case. IF you deliver a similar letter to your broker (CM,RRR), and then always use the shares with the highest basis, then you would be similar to the referenced case.

Just my $0.02 (and posted before I read all responses).

Regards, JAFO

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