If I bought 40 shares of X at 5/10/2016
Then buy 20 shares of X at 8/05/2018.
If today I plan to sell 10 shares of X, will my tax rate of the capital gain long term or short term capital gain tax rate?
- Microsoft / EngzWBi69If robinhood does it the same any other broker does, e.g., Fidelity, it should be the long term tax, unless specified otherwise. On Fidelity, there is a checkbox when you sell shares, saying “pick my shares manually”, and you can pick your newer shares to sell, and they will be taxed as short term gains (idk why you would normally do it, but you can)
- Depends on which lot you choose to sell. However since robinhood is so jenky you may not get to choose like you would with a real broker.