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Cost Basis Methods- FIFO vs. Specific Identification | Jordan Guess, CPA
Yesterday's webinar covered FIFO vs. Specific Identification, and the takeaway is pretty straightforward: the same portfolio, the same sales, and a completely different tax bill depending on which method you apply. With 1099-DAs defaulting to FIFO in 2026, it's worth making sure your records actually support whichever method you're using ...
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2 months ago
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