Quote:
Originally Posted by chassis
Quote:
Originally Posted by E92inPHX
Say I own 1000 shares in a company for over a year, buy 500 and then sell some with 6 months. If I sell 300 would it be taxed under long term rules or short term? What about 700?
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You can sell "lots", in other words you can choose which shares you sell.
When you sell the 300 shares, you can choose whether or not to sell shares held long term or short term, given your example.
As an experiment, log into your brokerage account and go through the steps necessary to sell shares. You should come to a screen or selection where you choose "lots". This is how Fidelity's trading platform works. Schwab's appears to be similar. |
Unfortunately Robinhood offers no such option, but maybe they will offer it someday. Makes me wonder if they would sell long term holdings first if there was a sale that would benefit from that. Something I do not know