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Re: I understand holding shares for over a year helps lower the tax hit. What if I continually by shares though? Are older shares sold first if I sell to reinvest elsewhere?
M-MTax
Level 12
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Investors & landlords
Are older shares sold first if I sell to reinvest elsewhere?
Yes. The IRS use FIFO (first-in first-out). LINK:
IRS web site
‎December 14, 2024
2:45 PM
