Phoenix Associates Land Syndicate (fka PBLSQ)

[CheezyTang]

itznotwillis....

when you fill out your tax forms, you will be asked to input all trades you have done. It will ask you to input when you bought, what was the cost basis, when you sold, and what you sold at. They are plugged in by the individual stock, mutual fund, etc. Therefore, if you bought PBLS, MSFT, and TGT, you will have to account for each.

Now, if you bought MSFT 2 years ago, but sold this year (2005), you will have to remember what your cost basis was. If you bought PBLS this year, but did not sell this year (owning it through the new year), I don't think you will need to insert that info until you sell (can someone confirm this?)

The IRS does not really care what your "account" says, since you may have multiple accounts, like me, and your trades are individually accounted for.

Hope this helps.
Dan