Replies to post #49 on A.I.M. Users Bulletin Board (AIMUSERS)

[OldAIMGuy]

Hi TAB, To keep Uncle Sam's hand out of the till as much as possible, I use FIFO for my Sched. D reporting. Thereby the oldest shares in the account are being sold at any given time. In most tax years since a year after starting AIM, about 85% to 90% of my gains have been long term.

The shift to LT cap. gain status saves a significant amount on taxes in the current environment.

A surprise from the 2000 - 2001 period was that in 2000 I sold so much inventory that in 2001 the level of ST gains rose quite a bit from the usual percentages. I'll have that number soon.

There was some discussion of taxes and AIM at the two meetings, but more time was spent on selection, trading parameters, software, general accounting and, of course, the "STREWIE Award."

Best regards, Tom