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New Member
posted Jun 12, 2021 5:30:34 PM

When selling stocks, which Tax lot ID method should be used? Options: Your standing method, FIFO, LIFO, Highest Cost, Lowest cost or Tax efficient loss harvester.

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2 Replies
Level 15
Jun 12, 2021 6:52:27 PM

Unless you tell your broker which lots to sell the default  is FIFO. 

New Member
Jun 12, 2021 7:35:57 PM

Thanks for the reply. Yeah, I was wondering if I would be charged more for my oldest stocks vs my few newly purchased ones of the same symbol, but from what I have read going with the FIFO might be the most normal option. Asked my Broker and all they would say is ask your tax professionals.