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At 3:31 PM -0500 1/2/99, R.E.Turner wrote:
>Believe the IRS goes on the FIFO rule (first in first out). Check with your
>tax man.
>
>>I have a tax question. If I bought the same stock several times last
>>year and sold some at the end of year, can I assign which purchases
>>went with the sale.. In other words can I pick the worst tax loss and
>>carry over the ones I have profits in till next year?
>>
I believe that is true if you do not otherwise tell your broker which lot
you are selling.
But if you specifically instruct the broker to sell specific shares bought
on such & such date, these instruction take precedence.
Bob Fulks
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