The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: FIFO ?||Date: 6/5/2009 12:19 PM|
|Author: Wradical||Number: 106217 of 122914|
If I have inherited shares of a company and then buy additional shares, when I sell any, if I don't designate shares to sell, is it FIFO(the inherited shares go first) ?
Yes, if they're all in the same account, those are your two choices.
If, on the other hand, you received paper certificates for your inherited shares, and your purchased shares are in a brokerage account, or a Compushare account, etc., which often happens, and you're not selling the certificate shares, then you only have to sort out your shares held in street name.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|