Re: Long term vs short term gains (quick question)
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If I Bought 100 shares of X 9/1/2006. And 100 more shares of X on 12/1/2006.
Can I sell 100 shares on 10/22/2007 and avoid short term capital gains tax, since its been over 1 year since my first purchase of 100 shares?
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you should be able to designate specific lot on the sale, depending on your broker.
unless the rules have changed, you would be able to be longterm on the first lot, but not on the second lot given those dates you mention.
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