OK AIMster,
As AIM advocates buying at lower prices, if we match a later sale to the first lot, we may actually have a loss, but if we match it to the last we should likely have a gain.
This sounds familiar to me, the Tax Issue!
But then it is still not a Sell of a AIM Lot but the Sell of an AIM BUY AMOUNT on a particular date. Right?. OK, then for the Tax Man there is a reason to give a beneficial Income Tax Rebate. . . OK, that I understand!
So the Tax Man doesn't give a hoot about the AIM-quantity and only purchase date and the IN-OUT and amount? Or does he actually look at the number of shares that were bought and share price and takes that as a profit basis, if there was any? Then the Tax Man actually treats the shares as if they were traceable units.
<OT> What type of cape does the US Tax Man wear when he comes flying by?
