<title>Specify which lot to sell of an investment</title>
<category fLocale="cdn">investing</category>
<klink type="prcdr">How do I specify which lot to sell of an investment?</klink>
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<content>
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<extend>
<tease>Why?</tease>
<reveal>
<p>When you create a transaction to sell investment shares of which you own multiple <glossary tNum="287031">lots</glossary>, Money uses the <glossary tNum="287000">first in, first out (FIFO)</glossary> method by default to determine which shares you sold. When stock prices are rising steadily, this method may minimize your capital gains taxes. However, you can choose a different method to determine which lots you want to sell.</p>
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<ol>
<li>On the <emph>Investing</emph> menu, click <emph>Portfolio</emph>.</li>
<li>Click the investment that contains the shares you want to sell.</li>
<li>Click <emph>New</emph>, and then in the <emph>Activity</emph> box, click <emph>Sell</emph>.</li>
<li>Enter the remaining information, and then click <emph>OK</emph>.</li>
<li>If you don't want to use the first-in, first-out (FIFO) method, click <emph>Let me specify which shares I want to sell or transfer</emph>, and then click <emph>Next</emph>.</li>
<li>Select the shares you want to sell using one of the following methods:</li>
<ul>
<li>Click a lot, and then in the <emph>Enter shares to allocate from lot above</emph> box, type the number of shares.</li>
<li>Click a lot, and then click <emph>All</emph> to sell all of the shares in the lot up to the remaining shares needed.</li>
<li>Click <emph>Maximum Gain</emph>, <emph>Minimum Gain</emph>, or <emph>First Acquired</emph> to let Money help you decide which lots to sell.</li>
</ul>
<li>Click <emph>Finish</emph>.</li>
</ol>
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<footer>
<extend>
<tease>How can I tell Money always to use FIFO?</tease>
<reveal>
<ol>
<li>On the <emph>Tools </emph>menu, click <emph>Options</emph>.</li>
<li>Click the <emph>Investments</emph> tab.</li>
<li>Under <emph>Investment Options</emph>, select the <emph>Track all investments as FIFO (first acquired)</emph> check box.</li>
<li>Click <emph>OK</emph>.</li>
</ol>
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<extend>
<tease>How can I use lots to maximize or minimize my capital gain on a stock sale?</tease>
<reveal>
<p>In the <emph>Allocate Lots</emph> dialog box in step 6 above, click <emph>Maximum Gain</emph> or <emph>Minimum Gain</emph> to have Money select lots to maximize or minimize capital gain on this sale.</p>
