geopi@hou2e.UUCP (G.COTSONAS) (02/25/86)
Suppose you made various purchases of a stock over a period of time,
and sold different portions of the portfolio over a period of time,
at various prices,
such that there are both short and long term losses/gains.
How are the holding periods required to be reported, insofar as the
entire portfolio is held and commingled in a broker's account?
Must the earliest sales be matched with the earliest purchases,
et cetera, for tax purposes?
E.g. buy x1 shares at date d1,
x2 shares at date d2,
x3 shares at date d3,
then
sell x4 shares at date d4,
x5 shares at date d5,
x6 shares at date d6,
where
none of the x's are equal,
all prices are different,
(x1+x2+x3)==(x4+x5+x6),
some of the buy-to-sell periods are short, some long
and some sales are gains some losses.franka@mmintl.UUCP (Frank Adams) (03/05/86)
In article <825@hou2e.UUCP> geopi@hou2e.UUCP (G.COTSONAS) writes: >How are the holding periods required to be reported, insofar as the >entire portfolio is held and commingled in a broker's account? > >Must the earliest sales be matched with the earliest purchases, >et cetera, for tax purposes? I am not entirely certain, but I think you are permitted to either match earliest with earliest, or earliest with latest. I'm not sure if you are supposed to be consistent about this, or can mix and match any way you like. If it makes much difference to you, I would recommend talking to an accountant. Frank Adams ihnp4!philabs!pwa-b!mmintl!franka Multimate International 52 Oakland Ave North E. Hartford, CT 06108
mazlack@ernie.berkeley.edu (Lawrence J. Mazlack) (03/11/86)
>> >>Must the earliest sales be matched with the earliest purchases, >>et cetera, for tax purposes? No, it is your choice. Just make sure that if you sell at different times that the certificates that you send in meet your tax, etc. needs. Larry Mazlack UUCP {tektronix,dual,sun,ihnp4,decvax}!ucbvax!ucbernie!mazlack New style mazlack@ernie.berkeley.edu ARPA | CSNET mazlack%ernie@berkeley.ARPA BITNET mazlack@ucbernie.BITNET telephone (415) 528-0496 snail CS Dept, 571 Evans, U. California, Berkeley, CA 94720