LogFAQs > #950085152

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Topic	Stock Topic 18
red sox 777 01/30/21 10:01:00 AM #65:	Gah! I bought a little more SPCE on Thursday and decided to sell half of my Thursday purchase on Friday for a quick gain when it rose to $49. But I forgot to choose the tax lots manually so it used FIFO and sold my low cost basis stock from August! That stock was only 6 months away from a full year and a much lower tax rate. If I end up selling my SPCE position between August 1 this year and Jan 29 next year this is probably going to cost me $200 in more taxes for not remembering to change the tax allocation. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:950085152] in Stock Topi... [t:79267121]...</cite> <quote>Gah! I bought a little more SPCE on Thursday and decided to sell half of my Thursday purchase on Friday for a quick gain when it rose to $49. But I forgot to choose the tax lots manually so it used FIFO and sold my low cost basis stock from August! That stock was only 6 months away from a full year and a much lower tax rate. If I end up selling my SPCE position between August 1 this year and Jan 29 next year this is probably going to cost me $200 in more taxes for not remembering to change the tax allocation. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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