thx for the info newman, your pic makes me not trust you though ^_^
thx for the info newman, your pic makes me not trust you though ^_^
can someone turn the fan on and circulate some air, the paint is quite tacky
No, No, No.....
Whoever you talked to at Scottrade is giving you wrong advice....
The IRS uses 2 methods. The default is "first in - first out" and the other is the "specific share method". According to the IRS, if you use the "specific share method", there must be communication between you and your broker at the time of the trade. You can identify what block of shares you are selling with Scottrade, but you must place the trade over the phone to do this. They will charge you the regular internet rate to do that because you can't do that online, but their accounting software won't factor this in which means you would have to do your taxes manually - which I recommend BTW if you use Scottrade anyway because their accounting is really sloppy. I recommend "Track Your Trades" accounting software. Etrade lets you designate what block of shares you are selling online at the time of the trade, but there are many downsides to them.......
thats strange, cause i specificly ask her if i need to place the order through them over the phone so it could be marked which shares were to be used and she said i just needed to mark first in first out, or last in first out. I guess I should have asked my cpa instead
prediction
close .4401
.455 AH high
What she means is "THEY" are going to mark it first in first out. They arent going to do you any favors in the reporting basically. My CPA works out what is best tax wise. And as demian says ... if you get audited your mileage may vary. But as long as everything matches up my CPA says it is fine. Check with your own for sure. *** of course there is the wash rule to apply also ***
Last edited by airman; 04-22-2009 at 02:37 PM.
This day S**ks,golf was canceled due to rain and SiriusXM is back to trading 100 share blocks between brokers again....
BTW NEWS FLASH:SiriusXM is staring BK in the face due to Debt due in May
20012...President Obama today said he will bail out SATRAD industry because it is too vital to lose...Stock plummets from $45 to .05
Film at 11pm