- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
cost basis on a partial stock sale
i am trying to work out cost basis of a partial stock sale.
Here is an example.
i bought 1 stock at $5
i bought same stock later and it was $10.
I bought same stock later and it was $15.
I now have 3 stocks.
i sold 1 of my 3 stocks for $20.
Forget LT v ST, assume they're all same.
Do i get to choose which cost basis to use for CG (in which case I'll pick the most expensive to reduce my gain), or are there FIFO or LIFO rules on purchasing/sales?
Topics:
March 28, 2022
10:20 AM