#1
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Selling Losing Shares vs Winning Ones
I have shares of a stock that I've purchased over the past year. Some of these shares are currently up while others are down in value. In order to avoid paying taxes on selling part of the stock (at least for now) I would like to sell the shares that are down in value. Is there a way to do that (especially on Zecco) or do I just sell and write it up as a loss or what?
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#2
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Re: Selling Losing Shares vs Winning Ones
Normally when you sell shares, it's FIFO (first in, first out). The shares you sell are the first shares you bought. You do have the option to sell specific shares, you have to identify which shares you are selling at the time of sale and document it with your broker. Not sure how Zecco does this, you'll have to contact them.
A helpful morningstar page. |
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