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Old 12-18-2007, 06:57 PM   #21
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Bumping this old thread because I just did some tax-loss harvesting with partial lot sales in my Vanguard brokerage account.

I sent my rep a secure email telling him which lots I was selling for specific id. I didn't expect a response back -- I figured I was just covering my butt for the IRS and would do the accounting myself.

But I got a response back. My rep told me "done!" And it turns out that he annotated my online realized cost basis info with the requested lots and acquisition dates.

Cool -- does Vanguard do this consistently, or am I special?

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Old 12-18-2007, 08:24 PM   #22
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I just realized that Schwab does this for you almost automatically.

The have a performancing tracking feature on the website, and each time you sell the stock, it ask you to match the sell with the corresponding buy.
So if you buy 200 shares in Jan and 400 Shares in March
Then sell 300 shares in Dec. You are ask did you sell 200 Jan shares and 100 March share or 300 March shares. The information is retained in your records.

Now while not specifically meeting the letter of the law e.g. prior notification, I think you'd be in pretty good shape if you filled out the lot identification information at the time of the transaction.

Not an IRS agent, Lawyer or CPA so really just my opinion.

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