Amarin Corp Plc (AMRN)

[flubber]

@sts66...Correct me if I am wrong, but I am pretty sure you can specify which lot of stock you want to sell, whether it turns out to be LIFO or FIFO. The default at most brokerages is FIFO, which typically will have you paying taxes on a larger capital gain (assuming the stock price has risen over time). You must specify to your broker which exact lot (purchase price) you would like to sell. If you don't specify, 99% of the time it will probably be the default setting of a FIFO sale.

I think a few years ago Congress was considering making ALL stock sale transactions as mandatory FIFO, to hopefully garner more revenue due to the appreciation of the stock market indices over the past decade.

Cheers!
Flubber


https://novelinvestor.com/choose-right-default-cost-basis-method/