I was looking to learn a bit about selling some shares via tax lots and was not sure what the advantages/disadvantage of it were. If someone could give me some insight that’d be appreciated.
I have a few shares in XOM I wanted to offload but wasn’t sure if I should just sell at limit, or select by tax lot, specially selling the higher vs lower cost average shares. Would selling via tax lots be more beneficial for reducing capital gains tax next year? Again, any insight would be helpful and appreciated!
Leave a Reply