Tax Lot Relief Methodology - Meaning
A method of computing the cost basis of an asset that is sold in a taxable transaction. The five major lot relief methods commonly utilised are FIFO (First-In-First-Out), LIFO (Lastin- First-Out), Dollar Value LIFO, Specific ID (a specific lot of securities or assets chosen for the cost basis) and Average Cost (the average cost basis of all securities purchased).
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