Hi,
A few years ago I did some planning before selling stock and chose to use the HIFO method since it was going to yield a loss. However, when i received my 1099 B, the cost basis did not reflect what the tax lots I had chosen to sell and ended up reporting a gain. Has any one else had an issue like this? Are the brokers capable of keeping track of investments on a lot by lot basis??? I'm worried i will have the same issue this year as i sold stock using the specific method.
thanks,