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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (5720)	4/7/2020 9:25:54 PM
From: TheNoBoB	Read Replies (1) \| Respond to of 5810

What you propose is what's known as Tax Lot Identification. You'll have to consult your brokerage to know how to do that on their platform. The default, unless you've specified otherwise, is to use FIFO, or First In First Out which you don't want in this case. The application of Lot ID varies by broker. For example, at TDA, there's a drop-down to select it on their order ticket form. If you don't use their platform directly, you'll have to specify which lot is sold before the trade settles.