How do I identify a specific tax lot for tax reporting purposes when trading?
On the Trade Stocks and Options order ticket, you will see a column labeled Lots. If you wish to identify a tax lot for a specific trade simply check the lots box prior to submitting your order, then complete the Priority and Quantity for filling (if you are selling from multiple lots) and select Ok. If you would like to manually enter your lots, click on the Manual radio button and complete the Priority, Quantity, Date Acquired and Acquisition Price/Share fields.
Related Questions
- Can the Trade Log record several trading accounts then consolidate one summary for tax purposes. Can this be in Australian tax as well?
- Does the VLF for Tax Purposes transaction identify the name of the person who paid the VLF?
- How do I identify a specific tax lot for tax reporting purposes when trading?
