tax lot

Definition

A record of all transactions and their tax implications involving a particular security in a portfolio. Recording the taxable purchase date provides the holder with the option of specifying exactly which shares to sell at a later date in order to reap tax advantages.

Use tax lot in a sentence

You should try to make sure that you can find everything you need for your tax lot and do it correctly.

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The tax lot showed all of the transactions and that was good because we needed a way to see all of our history.

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Fred, a savvy investor, always spends extra time studying the Tax Lot of all of his transactions to make sure that he reaps the maximum tax benefit from the structuring of his transactions.

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tax loss harvesting tax map