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ptheland,

JeanDavid wrote, Now I have sold 100 shares of it. I have all the confirmation slips, but do I match them FIFO or LIFO to satisfy the IRS? ... Since I sold on-line using my broker's web site, I have never specified what lot to sell.

To which you replied, Since you did not specify a lot to sell at the time you sold the stock, you sold the oldest shares.

From what I recall, TD Ameritrade has an option to change the default order for the disposal of shares. In fact I don't recall being able to specify individual lots at TDA - only select from a handful of available ordering rules.

As you know cost basis reporting was not always required. However I'd had my TDA account by way of Datek and Ameritrade. And from what I recall, they all tracked cost basis at least internally using a third party software called GainsKeeper. So even if the shares sold were acquired before 2011 when cost basis reporting became mandatory, I'm pretty certain it's possible to get the cost basis from the TDA website ... unless perhaps the shares were acquired through a different broker and transferred over before 2011.

- Joel
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