in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
198026
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Are you bound by your initial choice, or can you change your mind before the end of the year or before you get a 1099-B?
Doubt you can make the change ... talk to the broker.
Is it possible to instruct the broker to change the method of accounting from FIFO to LIFO before they report the transactions as FIFO on the 1099-B at the beginning of the year? From my account statements at the brokerage it is clear they are using FIFO, but I want to change all of the transactions from the entire year to LIFO before they issue the 1099B in January.
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