|
Posted by Barry Margolin on April 13, 2007, 3:11 am
Please log in for more thread options
dingodog_1979@yahoo.com wrote:
> I am trying to calculate stock basis for stocks sold in
> 2006. These stocks were purchased in 2006 and earlier years.
> I do not have details on basis for stock purchased prior to
> 2006, so I can't really use FIFO to determine basis. Can I
> use "specific identification" then?
Dingdong -- that's an appropriate handle. You asked the
same question a couple of days ago, and we told you you
couldn't. You have to identify the shares when you sell
them, it's too late now.
--
Barry Margolin, barmar@alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap