I recently sold a portion of of a holding in a self-directed traditional IRA. I had bought the shares in one lot of 31 (most recent and least expensive shares) and another lot of 25 (oldest and most expensive shares). I sold 18 shares. Do I have a choice of selling them from either lot or are the oldest shares automatically assumed to be sold first?Thanks.John
Do I have a choice of selling them from either lot or are the oldest shares automatically assumed to be sold first?Yes, you can indicate which shares are to be sold. If nothing indicated on the sale, "usually" first in, first out. I say usually because there maybe an instance or brokerage that does not.HaGD, L2J
Since this is in a traditional IRA, it's tax-deferred. Thus, it doesn't matter which shares you deem to sell. There's no difference between STCG, LTCG, ELTCG, or dividends in a tax-deferred account.
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