Like depreciation, in the long run it ultimately makes little difference
and may even reduce revenue slightly by shifting some short term gains to long term. But other than trying to stay under the reconciliation limits, I see very little logic for doing this. There are reasons why someone might sell by lot rather than FIFO. I guess in theory this will accelerate the timing of paying Cap Gains, although I'm not sure that's true considering often times later purchases are at a lower price.
Seems to me it's just a gimmick for reconciliation reasons, but one that could hurt some folks by limiting their option in some cases.
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In response to this post by BocaHoo91)
Posted: 12/13/2017 at 5:54PM