How To Save A Ton Of Money On Capital Gains Taxes! | FIFO vs LIFO

Описание к видео How To Save A Ton Of Money On Capital Gains Taxes! | FIFO vs LIFO

In this video I explain how you can save on your Capital Gains taxes when you need to trade stocks short-term. Brokerage firms set their default "Tax Lot ID" to FIFO, which means any stocks you sell you'll most likely be paying the highest taxes on your Realized Gains! If all of the stocks of a particular company in your portfolio are Short-Term, be sure to switch to LIFO method so you sell the stocks with the least amount of gains if you need to sell depending on the situation.

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