Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
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) ?

thanks
rad
Print the post Back To Top
No. of Recommendations: 3
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) ?

thanks
rad

===============================================
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.

Bill
Print the post Back To Top
No. of Recommendations: 0
Thanks - this was a pre-buy question. Since there are plenty of fish in the stock sea, I'll buy a different company for the new purchase.

rad
Print the post Back To Top
Advertisement