Called VG. HIFO will work bc it is a form of SpecID.
More info that might explain why I had this question. I usually use SpecID when TLH. This time, I don't think I can.
I'm exchanging from my taxable investment account to my IRA. It does let me choose the taxable investment account under the "where is the money coming from" column and it lets me choose the IRA under the "where is the money going" column, so the account types are fine for the exchange. (Also confirmed via phone w/ VG.)
But if I leave the Cost basis as SpecID, and choose lots to sell, I get this notification:
IRA contributions must be made in specific dollar amounts. To complete this transaction, please choose Sell in Dollars and enter the dollar amount, which should be slightly less than the fund balance.
I can't choose "Sell in Dollars" with SpecID. If I change the cost basis to HIFO, I can select "Sell in Dollars." I'm not selling specific lots, but VG is choosing specific lots (or portions of lots) based on HIFO.
Anyway, HIFO will work!