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rkg1051a
Returning Member

Tax Lot Selection

By default my broakrage is setup as FIFO.  Can I selectively pick LIFO or a specific lot for sale during the same tax  year. I mean during the same year some sales can be FIFO, LIFO and specific lots.  Thanks

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2 Replies

Tax Lot Selection

you can't change.   you should have notified the broker at the time of sale that you wanted to use a specific lot(s)  

rkg1051a
Returning Member

Tax Lot Selection

So, during the stock sale ordering process I can specify LIFO or specific lot. I am not bound by same tax lot method for the whole year ?

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