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[[One of my brokerage accounts has multiple purchases and sales of Apple. The cost has been
averaged. Another account with different broker also has Apple stock.

Since the accounts are separate can I use specific lot pricing in the account that has not been
averaged? No sales of Apple have been made from the second account.]]

Sorry, Bill...but you can't "average" your shares for tax purposes. You get FIFO or specific share treatment.

You might want to continue to read the thread and all of the work done by KAT in Chicagoland on this issue. he spent a BUNCH of time exploring this issue and providing some very good explanation.

I also have a post in the Taxes FAQ area about specifying shares. You might want to take a peek.

But, based upon the terms of your question, there should be no reason why you can't "specify" the shares in the different brokerage accounts.

TMF Taxes
Roy

SPECIAL NOTE: I try to answer as many questions as I can each week, and I generally select those that have not been asked before. If you don't get a detailed answer to your question, it is probably because my time is so limited during tax season, or because it has already been asked and answered in this folder in the past, or because it has been discussed in the Taxes Frequently Asked Questions area. In order to visit the Taxes FAQ area, go to the Fool's School area (http://www.fool.com/school.htm) and check out "Other Features" in the list box, OR you can jump directly to the Taxes FAQ area (http://www.fool.com/school/taxes/taxes.htm). Additionally, if any references were made to the IRS Web Site, you can get there by pointing your web browser to (http://www.irs.ustreas.gov)
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