12.5 Cost Basis and Tax Implications

In this section

• Cost Basis Calculation Methods for Securities and Investments
  Explore comprehensive cost basis calculation methods for securities and investments, crucial for understanding capital gains and losses for tax purposes. Learn about FIFO, Specific Identification, and Average Cost methods, with practical examples and IRS guidelines.
• Tax Lot Accounting for Securities: A Comprehensive Guide
  Explore the intricacies of tax lot accounting in securities investment, including methods like FIFO, LIFO, HIFO, and Specific Lot Identification, and learn how strategic tax lot selection can optimize your tax liabilities.