(Total Views: 408)
Posted On: 03/26/2022 1:07:12 PM
Post# of 86965
Thats what I thought. Also goes to computer science classes waaaay back in college.
FIFO would result in the first/oldest shares being sold as default. In most cases that would sell the "long term" shares first.
"The IRS allows two basic methods for matching tax lots: First in, First out (FIFO) and Specific Identification. FIFO is the default method that will be applied if you do not choose another method. Under FIFO, the sale is matched with the earliest purchased lot or lots available"
FIFO would result in the first/oldest shares being sold as default. In most cases that would sell the "long term" shares first.
"The IRS allows two basic methods for matching tax lots: First in, First out (FIFO) and Specific Identification. FIFO is the default method that will be applied if you do not choose another method. Under FIFO, the sale is matched with the earliest purchased lot or lots available"
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