I have been looking at the 1040 Schedule D forms looking for info. for how to calculate cost basis and I can't seem to find what I am looking for. My situation:I purchased shares of company at several different points in time within the past year. I have lost money on all three purchases. However, I have sold only a percentage of these shares and still own 50% of the shares. My question...to calculate my losses (which I would like to maximize for tax purposes), can I first "sell" the shares that cost the most per share - independant of the when date/sequence when I purchased these shares. Or, do I have to use a FIFO approach to calculate my cost per share. Thanks in advance.
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