IRC §1012 · Reg §1.1012-1

Cost Basis Tracker

Stocks or crypto. Compare FIFO, LIFO, and Specific Identification basis on a sale.

Add lots (purchase date, shares, price/share)

Shares being sold

Sale price per share ($)

Basis Method Comparison

Average cost (mutual funds default)

FIFO basis (default for stocks)

LIFO basis

Specific ID · highest basis (lowest gain)

FIFO realized gain

Specific ID realized gain

Default method is FIFO unless you elect Specific Identification at the time of sale per Reg §1.1012-1(c). Broker must confirm the lot selection in writing within a reasonable time.

Have a preparer plan your sale

IRC §1012 cost basis; Reg §1.1012-1(c) Specific Identification election. Educational tool, not investment advice. Call 689-331-5723 or email info@zerofusstaxes.com.