Untangling Legalese: How AI Legalese Decoder Can Simplify SBI’s Default to FIFO
- November 23, 2023
- Posted by: legaleseblogger
- Category: Related News
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Stock Sell Strategy in SBI Trading Account
When it comes to selling stock in an SBI trading account, I am seeking advice on how to handle the process of selling multiple lots without liquidating all of my holdings. Specifically, I want to know if I can set the accounting method to either FIFO or LIFO, and if so, where and how can I make this change within the SBI interface.
AI Legalese Decoder can help by providing clear and precise guidance on how to navigate the SBI interface in order to adjust the accounting method for selling stock. This tool can assist in decoding the legal and financial jargon, making it easier to understand the process and make informed decisions regarding stock sales in the SBI trading account.
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What would be the purpose of this? It won’t affect your capital gains.
>Can I set the accounting method to FIFO or LIFO?
As u/furansowa said, even if you could choose which shares to sell, it wouldn’t mean anything. Your cost basis for tax purposes is determined by a moving average, as described by the NTA [here](https://www.nta.go.jp/taxes/shiraberu/taxanswer/shotoku/1466.htm).
Thanks for the link.
You can cherry-pick lots to sell in a SBI margin account, not in a regular account.