Investment Taxes
First-In, First-Out (FIFO)
A cost basis method that assumes the oldest shares purchased are the first ones sold. FIFO is the IRS default for most securities and often results in larger gains if share prices have risen over time.
Investment Taxes
A cost basis method that assumes the oldest shares purchased are the first ones sold. FIFO is the IRS default for most securities and often results in larger gains if share prices have risen over time.