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Investors & landlords
I went back to look at Pub 550.
"your most recent lots cost you exactly the same amount as your earliest lots ??"
Yes, if you are using the average basis method.
So, Schwab is correct in its reporting.
You have to elect out of average basis before you sell.
In which case, LIFO is to your disadvantage, you want a Long Term holding period.
‎January 13, 2022
9:01 PM