Replies to post #175751 on ERHC Energy Inc (ERHE)

[vip1999]

not sure what "prorate" means but every purchase has to be more than 12 months old in order to qualify.

[majicathome]

the short answer is that each buy / sell if not at the same price will need to be documented on the worksheet seperately.
Any that were held longer than 366 days are at 15% ( currently, this may change ).....

The long answer:
http://www.irs.gov/taxtopics/tc409.html

[MichiganNative]

I think I know what you are asking.
If you have made multiple purchases of ERHE all more than a year old you can just write them all in on one line on your tax return and put the purchase date in as 'various', then the total amount.

[Spec29]

If you sell all the shares at once...

you must use "specific identification" so some of the shares will be taxed at the long term capital gains rate and the remainder will be taxed at whatever tax bracket you happen to be in in the year of sale.