Trading stocks and changing the lot adjustment...

Discussion in 'Trading' started by S2007S, Jan 29, 2024.

  1. S2007S

    S2007S

    Is it true that you can change your stock orders from first in first out to requesting a lot adjustment so that you can choose which shares you assign to a sell???
     
  2. Robert Morse

    Robert Morse Sponsor

    You need a broker that allows you to sell tax lots. Today, we do not.
     
    murray t turtle and Lou Friedman like this.
  3. S2007S

    S2007S



    The broker I use said that by calling them up and providing the information they can adjust the cost basis.
    ticker symbol
    Closing trade date
    Closing trade price
    Open lot date
    Open lot price
    Open lot cost
    Quantity
     
  4. Not completely true
     
    murray t turtle likes this.
  5. S2007S

    S2007S



    They said in order to avoid a possible wash sale that you can adjust it this way.