Strategies for Selling Shares

Just a tax question. If I buy shares of a company at two different time frame, and then later when I sell half (or any portion) of my shares of the same company, how do I know which shares I have sold for tax purpose? I am considering to take advantage of 1 year holding period rule.

Thanks

 

A: My understanding is that you can adopt whatever method you like. For example, FIFO (first in, first out) or LIFO (last in, first out)

You should check this with your accountant.


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