FAQs  >  Topic: Taxes

What Tax Relief Method is my cost basis being reported under?


For equities, the default method for all accounts is First-In First-Out (FIFO).  You can change the default method to Last-In First-Out (LIFO) by emailing us at[email protected] from your email address of record with the following information:

Change Tax Relief Method to:  LIFO

Last 4 digits of your Account Number(s):

Last 4 digits of your SS#:

Date of Birth:

All unsettled trades and all trades going forward will be reported under your chosen method.

All prior trades will be reported under the prior method on the account.