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From: geopi@hou2e.UUCP (G.COTSONAS)
Newsgroups: net.invest
Subject: Tax consequences of common stock gains/losses query
Message-ID: <825@hou2e.UUCP>
Date: Tue, 25-Feb-86 14:05:35 EST
Article-I.D.: hou2e.825
Posted: Tue Feb 25 14:05:35 1986
Date-Received: Fri, 28-Feb-86 04:49:13 EST
Organization: AT&T Bell Labs, Holmdel NJ
Lines: 24

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.