TD Ameritrade

[ypsiCPA]

Tax Lot Selling

Unless you instruct TDA otherwise, you are considered to have sold your oldest shares first (FIFO - first in first out).

To tell them otherwise:
1. Wait until the sell order executes.
2. Go to Client Services, Contact Us
3. Click on the E-mail link
4. Topic: Client Services
5. Inquire About: Versus Purchase
6. Send them purchase dates for the newly sold shares (transaction numbers if multiple purchases in one day)

You'll receive an e-mail acknowledging your request.

Confirmation should then include the versus purchase information (verify this). If it does not, reply to the e-mail to rectify.

On two occasions I've had to get a supervisor involved:
1. Clueless employee told me tax lot selling was only available for broker assisted trades.
2. Confirm was incorrect after twice giving them the correct information.