LogFAQs > #949456627

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Topic	Stock Topic 13
StartTheMachine 01/13/21 12:58:27 PM #375:	Welp my account is about to hit 60k again, finally. I'm making 5k a day on AVCT warrants this week, but I'm not selling until they hit at least 2 so it's not my money yet lol. I've got all the time in the world. barreldragon88 posted... Is it more tax advantageous to do LIFO for a stock that you bought for X price then bought again at Y price, with X price being lower? Are you selling all the shares at once? If so, it wouldn't matter. However, if you're just trying to sell Y shares and hold long on X shares for like a year or something, then sure. The gains would be smaller, so less owed on those tax returns. --- - Blur - Welcome to your Divinity. <cite>StartTheMachine posted [p:949456627] in Stock Topi... [t:79161174]...</cite> <quote>Welp my account is about to hit 60k again, finally. I'm making 5k a day on AVCT warrants this week, but I'm not selling until they hit at least 2 so it's not my money yet lol. I've got all the time in the world. barreldragon88 posted... </cite> <quote>Is it more tax advantageous to do LIFO for a stock that you bought for X price then bought again at Y price, with X price being lower?</quote> Are you selling all the shares at once? If so, it wouldn't matter. However, if you're just trying to sell Y shares and hold long on X shares for like a year or something, then sure. The gains would be smaller, so less owed on those tax returns. --- - Blur - Welcome to your Divinity.</quote> ... Copied to Clipboard!
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