club_cafe: Selling Stock

iras1 on

Unless you notify your broker in advance and receive written confirmation of your request, you sell the oldest lots first. See IRS Pub. 551, Investment Income and Expenses (Including

Capital Gains and Losses) www.irs.gov/pub/irs-pdf/p551/pdf .

Ira Smilovitz

In a message dated 11/22/03 8:38:57 PM Eastern Standard Time, j_visconti@bivio.com writes:

When selling a stock, how do you know which lot to use?? We
have multiple purchases of the same stock and when I go to
sell it I am not sure which lot I have sold.

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