"LIFO" stands for Last-In, First-Out. This means that your gain / loss was calculated by matching your most recent trades and transfers to your sales of assets.

NOTE: Lukka does not provide tax advice. The statements above are general in nature and do not address how the application of the tax rules can vary based on a taxpayer’s actual facts. Please consult a tax professional on how the tax rules apply to your specific facts.

Did this answer your question?