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?

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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?

Are older shares sold first if I sell to reinvest elsewhere?

Yes. The IRS use FIFO (first-in first-out). LINK: IRS web site

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?

I appreciate it!

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?

Note that you can identify certain shares you want to sell BEFORE you sell them BUT the default for the IRS is FIFO.

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?

I'm not sure I can access dates of individual stock purchases with Robinhood. I know i can find dates of purchase and sales though.

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?

You would need to tell the broker which shares to sell. I'm not sure how you would do that with an online trading platform/broker.

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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?

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?

Are older shares sold first if I sell to reinvest elsewhere?

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?

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?

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?

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?

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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?

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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?

Are older shares sold first if I sell to reinvest elsewhere?

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?

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?

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?

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?

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