IntermediateMAD Academy0:46Taxes

Which Shares Did You Just Sell?

When you hold several lots, the method decides which one is sold — and that decides the gain reported.

0:46 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00You bought the same stock four times. Which shares did you just sell?
  2. 0:05The same sale, three answers. Identical shares sold at an identical price, and three completely different reported gains.
  3. 0:15Why the default is FIFO. Brokers default to selling the oldest lot, which is often the largest gain.
  4. 0:24The timing requirement. The lot must be identified at or before the sale. You cannot choose afterwards.
  5. 0:33The other consideration. The oldest lot may also be the long-term one, which carries the lower rate.
  6. 0:41Set the method deliberately, before the sale.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Which Shares Did You Just Sell? — MAD Academy Training Video · MadStockAlerts