Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I did a search and did not see this - sorry if it is a repeat.

American Express allows you to identify which shares you are selling at the time of the sale. You can specify FIFO, lowest gain, highest gain and so forth.

According to the rules I have seen such as at:

the broker must supply you with a written confirmation of this. American Express does this on the web site on a gains/losses worksheet. This worksheet is not editable by the user so cannot be changed. This must clearly be acceptable to the IRS as it follows the guidelines. I have asked Amex and they say it is.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.