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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 464925  
Subject: Re: FIFO or LIFO when booking gains? Date: 2/11/2013 11:06 AM
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6. In a non-taxable (IRA) account

It doesn't matter in an IRA account.

7. How would the answer differ in a taxable account

and

5. Also wishes to minimize losses if remaining shares are sold later during a downturn

Generally means sell LIFO (assuming held or at least one year for LTCG vs STCG). Less capital gains on those that have appreciated the least and less on those you have own the longest if the market drops.

The alternative is to book larger gains now and hope for the ability to write-off capital losses later.
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