I bought a couple hundred shares may 28… And held past June 2nd… and sold a little bit on June 9..why… Well because I have a semi truck payment due and employee taxes due.. I own my own tractor tractor trailer… My etrade app says first in first out… I don’t know what that means…. I always kept 100 in since then… And buy back in as soon as binance app coins comes into my account.. do I still get to vote if I had 100 all the time? With first in first out settings turned on? Also what are we voting for?
Does anyone else feel like theyve been cyber attacking, our phones to Hack the live stream videos?
I stopped watching live stream cause I always think they are using me.. I have etrade app.
Below is from e-trade’s website and should help with the explanation:
Cost basis is the total amount that you pay to buy a security. It includes the price of the security, plus adjustments for broker commissions, fees, wash sales, corporate action events, and other items that may affect your investment. You need cost basis information for tax purposes—it's used to calculate your gain or loss when the security is sold.
In some cases, determining cost basis can be straightforward, but it gets more complicated when you sell a group of securities that were purchased on different dates, at varying prices. In that case, there are different methods to calculate the cost basis for the sale, each with its own set of rules. The most popular methods are the first-in, first-out (FIFO) method, the last-in, first-out (LIFO) method, and the specific lot instruction (SLI) method.