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If I have a long time stock with one brokerage can I purchase the same stock at another brokerage and then sell it using "last in first out" to avoid long term cap gains.
I want to buy shares of ATT to use as a place to keep funds temporarily but get better return than I do in a savings acct. I already own ATT in a different brokerage account and have held it for many years. I do not wish to sell it now. How can I do this without the irs making me follow the FIFO rule? I want to use the LIFO rule.
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‎June 3, 2019
11:38 AM