SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeuspaul who wrote (9)10/1/1997 11:54:00 PM
From: Nasty P   of 5810
 
Paul,

LIFO is preferred for a L-T investor assuming the stock price is rising over time. Also, you can always use specific identification method where you designate specific shares you are disposing of. It is a good practice to alert your broker which shares you want to be sold 'cause he can mark it on the confirmation. But...you must keep all the records in case you get audited.

If you grow your position over time and sell a portion of it, nothing again precludes to designate specific shares to be sold. Just make sure you avoid double-counting some of them in the future.

Hope this helps.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News