tax help !!, page-4

  1. 3,331 Posts.
    you bought 5 different parcels, made up of X number of XYZ bought at those prices. each share is its own asset.

    you sold X number at $4.

    you have sold WHATEVER SHARES YOU WANT AT $4.

    there is no rule which says which shares you sold - you sold any combination of any of the shares you owned - you decide, and naturally the more different shares you choose, the more calcs you need to do.

    eg. sold 100 at $4.

    this can be all from one purchase, a mix of any of your purchases - your choice.

    20 from each parcel bought, or 10 from the bottom parcel, 90 from the top parcel - whatever.

    again youll have either 1 calc to do or up to 5, depending on which you decide you sold.

    the most important thing - KEEP RECORDS - to confirm at later times what you deemed to have sold.
 
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