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1. If the IRS handles it without reporting they assume that your sell LIFO for the worst possible capital gains treatment.
by spullara 4y ago
1. If the IRS handles it without reporting they assume that your sell LIFO for the worst possible capital gains treatment.
- mywittyname 4y agoVanguard gives me an option on how to treat capital gains for tax purposes.
- sidlls 4y agoThe brokerages permit election of the method and can easily be made to report that along with the other details
- LiquidSky 4y agoIn the theoretical new system, you could have an option to file additional elections or changes. The IRS would have a default that you could then vary if you chose.
- TulliusCicero 4y agoAnd as long as it's just the default, who gives a shit? Besides, as others have pointed out, there are ways to specify at the time of the sale. That's what Schwab does when I sell stock there.