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WebMay 4, 2024 · For mutual funds, you can determine your cost basis using the FIFO method or average cost method. Under the FIFO method, the first share you bought is the first share you sell. Under... WebFeb 7, 2024 · Your most recent purchase, made last year, was 250 shares at $40. You now want to sell 250 shares at a price of $40. If you use first-in-first-out accounting (the IRS default), you sell the first 250 shares you purchased, which have a basis of $20, so your taxable capital gain is $5,000. tabung venoject
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