3309 Drysdale Ct
Edwardsville, IL 62025
in IB i noticed last night you can change your tax basis declaration. what do most people choose? Am I right in thinking that I want to capitalize on long term gains i would want to choose Last In, First Out?
First In, First Out (FIFO)
Last In, First Out (LIFO)
Maximize Losses
my accountant insists on fifo...its a pain but he won't do my taxes otherwise..
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Tax Basis Declaration in IB
Posted by rank10 on 2nd of Mar 2010 at 08:53 am
in IB i noticed last night you can change your tax basis declaration. what do most people choose? Am I right in thinking that I want to capitalize on long term gains i would want to choose Last In, First Out?
First In, First Out (FIFO)
Last In, First Out (LIFO)
Maximize Losses
my accountant insists on fifo...its
Posted by admagazu on 2nd of Mar 2010 at 08:56 am
my accountant insists on fifo...its a pain but he won't do my taxes otherwise..