| Topic List | Page List: 1 |
|---|---|
| Topic | Stock Topic 21 |
| red sox 777 02/10/21 6:39:49 PM #218: | Yeah. It's the difference between the short term capital gains and long term capital gains tax rate. I'm happy to report that getting on the phone with my broker last week likely saved me a few hundred dollars. When I was selling some SPCE shares, I had forgotten to manually select shares to sell, so it defaulted to FIFO.....meaning it would sell my low cost basis shares from last Summer rather than the shares I bought with GME profits 2 weeks ago. That would result in higher realized gains and short-term tax treatment (assuming I hold my remaining shares until the one year mark is passed)! Fortunately, they were able to change the tax lot selection as long as I called before the settlement of the trade. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
| Topic List | Page List: 1 |