TransWikia.com

is mark to market accounting has to be FIFO?

Personal Finance & Money Asked on June 7, 2021

I am thinking to file for the mark to market trading account but I do not like FIFO. Is FIFO part of mark to market accounting?

One Answer

FIFO or LIFO or by-lot has no impact or consequences if you use mark-to-market - all your investments are treated as fully “sold” as of Dec/31 for tax considerations.
It wouldn’t matter in which sequence you sell if you sell all of them.

Answered by Aganju on June 7, 2021

Add your own answers!

Ask a Question

Get help from others!

© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP