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Steady_T

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Re: snowcloud post# 6419

Wednesday, 02/27/2008 4:11:33 PM

Wednesday, February 27, 2008 4:11:33 PM

Post# of 27567
IRS rules say that unless you tell you broker to sell a specific lot of shares in advance of the sale, it is assumed for cost basis calculations that you are using FIFO.

You are required to have a copy of the letter or email that you sent to the broker for specific lot sales.
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