FIFO First in first out. You would pay the long
Post# of 41413
Posted On: 11/19/2016 11:55:44 PM
FIFO
First in first out.
You would pay the long term capital gains on your 500,000 shares You would have 150,000 available to sell at the long term capital gains rate. If you sold them all. 350,000 would be taxes as short term capital gains. My wife has her clients bring their end of year statement and that usually shows what is taxed at how much. Mistakes need to be ironed out between you and your broker if any arise
First in first out.
You would pay the long term capital gains on your 500,000 shares You would have 150,000 available to sell at the long term capital gains rate. If you sold them all. 350,000 would be taxes as short term capital gains. My wife has her clients bring their end of year statement and that usually shows what is taxed at how much. Mistakes need to be ironed out between you and your broker if any arise
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