Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Now I have sold 100 shares of it. I have all the confirmation slips, but do I match them FIFO or LIFO to satisfy the IRS? ... Since I sold on-line using my broker's web site, I have never specified what lot to sell.

Since you did not specify a lot to sell at the time you sold the stock, you sold the oldest shares.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.