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Saturday, September 16, 2006 1:03:34 PM
thats why sometimes its best to designate which lot you wish to sell, however, I believe most brokers would sell the oldest shares first, and then so on to the newest until the order is filled however I am not certain on this. Regardless, your statement you get from your broker early 2007 will break it down based on ST and LT capital gains for the various shares that were sold.
It is a tricky situation. You obviously have more to gain from your May shares since they are at a lower cost basis. But if you really think you can hold for May, then selling the Sept shares is your option. You may wanna do up a spreadsheet and figure what is the best route for you to go, that is to say, which maximizes your profits: A. making a larger capital gain and paying a higher tax for short term (assuming you arent in the 15% income bracket by default, which I suspect you arent), or B. making less of a gain and gambling that in May that the lesser capital gains tax( only 15%) will yield you a greater overall yield on investment. I do emphasize gamble on the latter scenario because you dont know what is gonna happen come the time May rolls around.
One other note...also if say you plan to sell around December possibly. You may wanna weigh two different tax years (2006 vs 2007) to see which is the better tax year to sell. There may be no difference, however, sometimes different tax brackets, or other expected events in the upcoming year for example, might make Dec or Jan or viceversa a better time to sell.
Todd
Anything I say is complete nonsense. It is just my opinion, and sometimes I just like to hear myself think.
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