peggysioux5 Posted February 27, 2022 Report Share Posted February 27, 2022 Taxpayer has investments in two different accounts with two different investment companies, and one account shows accounting method of FIFO and second account shows accounting method of HIFO. Can taxpayer use two different accounting methods in the same year to determine gain or loss as long as taxpayer can substantiate? PeggySioux Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 27, 2022 Report Share Posted February 27, 2022 Yes they can. They can even pick specific lots to sell, as long as they work closely with their broker. Quote Link to comment Share on other sites More sharing options...
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