Unless the taxpayer can speciﬁcally identify the shares of stock that are sold or transferred, the FIFO rule comes into play (i.e., the stock sold is charged against the earliest of the stock purchases).

Name: Unless the taxpayer can speciﬁcally identify the shares of stock that are sold or transferred, the FIFO rule comes into play (i.e., the stock sold is charged against the earliest of the stock purchases).
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Question

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FIFO is used unless the stock is speciﬁcally identiﬁed

Unless the Taxpayer Can Speciﬁcally Identify the Shares of Stock