If you’ve been holding stock for more than a year and then sell, it will be taxed at a lower capital gains rate. If you sell sooner, it will be taxed at an ordi

If you’ve been holding stock for more than a year and then sell, it will be taxed at a lower capital gains rate. If you sell sooner, it will be taxed at an ordinary rate. If you have stock at a brokerage and you want to sell it, FIFO is first in first out. The brokerage will sell the oldest shares you own. It sometimes makes more sense to sell a specific set of shares you bought later depending on purchase price and current price. For example a FIFO sell could generate taxes while a specific lot sell could generate no taxes (you sold at a loss).