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Subject:  Re: FIFO or LIFO when booking gains? Date:  2/11/2013  11:24 AM
Author:  TMFMurph Number:  415601 of 535302

Hi notehound!

With Scottrade, there is a choice called "least tax"; which, IMHO, ( and for my tax situation ) is best. The automatically "chose" which shares to sell that result in the least gain ( tax ), regardless of when they were purchased. Way better than LIFO or FIFO for me.

This is relatively new ( started last year or so, IIRC ).

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