Hey all,
Curious but if I want to sell a portion of funds for TLH, out of this list on Fidelity, what should I choose before actually selling? Or what are your practical methods for figuring out how much to sell and what not? Do you just dig through your transaction history for a given ticker and compare the current price versus price you bought for and as long as it's lower, you sell those # of shares that you had originally purchased at the time when it was higher? If so, would you want to choose LIFO, High Cost or High Cost Short Term?
First In, First Out (FIFO) Shares with the oldest acquisition date are sold first, regardless of cost basis.
Intraday First In, First Out Shares purchased today are sold first. Once all lots purchased today have been sold, the disposal method reverts to First In First Out (FIFO).
Last In, First Out (LIFO) Shares with the most recent acquisition date are sold first, regardless of cost basis.
High-Cost Shares with the greatest cost basis are sold first. If more than one lot has the same price, the lot with the earliest acquisition date is sold first.
High-Cost Long-Term Shares with a long-term holding period are sold first, beginning with those with the greatest cost basis. Then, shares with a short-term holding period are sold, beginning with those with the greatest cost basis.
High-Cost Short-Term Shares with a short-term holding period are sold first, beginning with those with the greatest cost basis. Then, shares with a long-term holding period are sold, beginning with those with the greatest cost basis.
Low-Cost Shares with the lowest cost basis are sold first, regardless of the holding period.
Low-Cost Long-Term Shares with a long-term holding period are sold first, beginning with those with the lowest cost basis. Then, shares with a short-term holding period are sold, beginning with those with the lowest cost basis.
Low-Cost Short-Term Shares with a short-term holding period are sold first, beginning with those with the lowest cost basis. Then, shares with a long-term holding period are sold, beginning with those with the lowest cost basis.
Tax-Sensitive Shares with the lowest tax cost per share are sold first, starting with shares that have a loss (from greatest to smallest loss).
Tax-Sensitive Short-Term A global rate (35% short-term and 15% long-term) is used to calculate the tax liability (per share) of each lot.
Short-term lots with the lowest tax cost per share are sold first, starting with shares that have a loss (from greatest to smallest loss). Once all short-term shares are sold, any long-term lots are sold, starting with shares that have a loss (from greatest to smallest loss).