Selling mutual funds? Choose the right cost basis method to manage taxes efficiently and maximize your gains. Explore ...

FIFO, HIFO and Spec ID (among others) are key methods to calculate crypto tax liability. The choice of method affects your taxable gains and overall liability. Record-keeping is crucial for compliance ...

When you redeem your mutual funds after holding them for a period longer than 12 months, long-term capital gains (LTCG) tax ...

When you decide to sell a portion of your holdings in a stock, you have to decide which shares you actually want to sell. Two of the most common methods used in this decision are known as FIFO and ...

First In, First Out (FIFO) The first in, first out (FIFO) method assumes that the first unit making its way into inventory–the oldest inventory–is sold first. For example, let's say that a bakery ...