tmm99
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 15, 2008
- Messages
- 5,228
First off, I am not a finace saavy, so I may not be asking the right question here, but here goes...
I am in the accumulation phase, and the only thing I've sold so far are 100% of stocks or funds that I bought in a single transaction on a single day, so I can see how much gains/losses I've had fairly easily. And at the end of the tax year, I can see in the tax statement from the brokerage firm the breakdowns.
I have funds/stocks I have bought multiple times with different purchase prices over the years (but they are all in one account in one brokerage firm.) When I sell a portion of these stocks/funds, how do the gains/losses get calculated? I imagine I cannot say I am selling the stocks that I bought on 1/1/2013, not the ones I bought on 6/1/1998??
I am in the accumulation phase, and the only thing I've sold so far are 100% of stocks or funds that I bought in a single transaction on a single day, so I can see how much gains/losses I've had fairly easily. And at the end of the tax year, I can see in the tax statement from the brokerage firm the breakdowns.
I have funds/stocks I have bought multiple times with different purchase prices over the years (but they are all in one account in one brokerage firm.) When I sell a portion of these stocks/funds, how do the gains/losses get calculated? I imagine I cannot say I am selling the stocks that I bought on 1/1/2013, not the ones I bought on 6/1/1998??