The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Tax Lot Accounting||Date: 12/19/1997 9:49 PM|
|Author: ajshih||Number: 957 of 121105|
If a have a stock in multiple trades at different
cost basis' and wish to sell one, without specifying
which one, which block is treated as sold for
tax purposes at the IRS?
Is it LIFO or FIFO?
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