2006-07-12 16:43:36 · 5 answers · asked by Stck 2 in Business & Finance ➔ Investing
Just sell it through a broker. The price you bought it at doesn't affect the sale, it just affects the capital gains you have to report on your taxes at year end.
2006-07-12 16:47:06 · answer #1 · answered by Just Ducky 5 · 0⤊ 0⤋
For figuring a capital benefit or loss, i imagine you pick to do it first in/first out. Say you purchased 2 hundred stocks at $10, 2 hundred at $15 and a couple of hundred at $20. in case you promote three hundred stocks, then the acquisition value may be $10 for 2 hundred stocks and $15 for one hundred stocks -- i imagine.
2016-12-01 04:36:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't understand your question. Obviously, to sell stock you need a broker. Are you talking about what to do about the cost basis? You can use either average cost, or the actual cost basis. Include any brokerage fees that you paid to purchase the stock in your cost basis estimates.
2006-07-12 17:09:03 · answer #3 · answered by ps2754 5 · 0⤊ 0⤋
You tell your broker you want to sell it.
2006-07-12 16:46:52 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
However you want. Tax code lets you pick which lot you sold - can use LIFO, FIFO, whatever you choose.
2006-07-12 16:47:12 · answer #5 · answered by jadz 2 · 0⤊ 0⤋