Replies to post #171710 on Biotech Values

[biomaven0]

Fidelity for years now has allowed you to choose which lots you are trading. But there you have to make the choice prior to the trade.

Even if you normally use FIFO, for specific trades you are free to select any lot.

I'm pretty ruthless about selling out any shares showing a loss prior to year end (assuming they are held in a taxable account of course).

Peter

[DewDiligence]

I picked the right time of year to ask a tax question.

Well, it’s too late to implement the “double-up and dump after 31 days” method of avoiding a wash sale, as mentioned in #msg-95182048. That method establishes a tax loss in the current year only if you buy the additional shares before the end of November.