What happens when you sell funds?

[mae0111]

Most companies will allow you to pick which shares you want to sell in some way. There may be a selection for FIFO/LIFO (first in first out or last in first out), by cost basis, or even by date. It differs by company from my experience. You may just need to call and ask.

[ohgillian]

You should be able to select. Which company is it that you’re investing with? Someone here might be able to describe the exact steps depending on which company/platform.

[goldengirlz]

Most brokerages default to one or the other (FIFO is considered the default by the IRS so it’s generally the default for the brokerages too.) You won’t be prompted when you sell; you’ll have to check your election beforehand.

I’ve never sold any of our Vanguard shares, but my Fidelity account defaults to FIFO when I sell.