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I discussed this question in the tax forum of, and was informed that specific identification of the shares sold can be implemented by the taxpayer rather than by the brokerage if the taxpayer keeps adequate records. I use Quicken, which keeps a record of the date, price and number of shares sold of every lot, and permits me to identify in Quicken to which lot the shares belong. My broker (also Waterhouse) keeps no records, but I was told that this paper record of my own is adequate. Is this information correct?

My thanks to Phil Marti for his answers to these and other questions on these subjects.


Gerald Harnett
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