Considerations
Per IRS regulations, selling by average cost is only allowed with mutual funds. All other securities can be sold by FIFO First in, first out (FIFO) is the default method used when selling securities by brokerages, the IRS and GainsKeeper. FIFO sells your oldest lots first. (first in, first out) or Specific ID This method enables you to specify which shares you are selling in order to reduce realized capital gains. (Versus Purchase).
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