Assign Lowest Cost-Basis Tax Lots for Gifts/Donations
S
Sepia Lion
Add toggle in settings to pull from lowest cost-basis lots for gift/donations. Currently, gifts/donations follow the selected cost-basis method in settings. So if HIFO is selected, any gift/donation will be pulling from the highest tax lot (unfavorable).
In tax planning for stocks, this is a common strategy in order to remove low cost-basis stocks from holdings without incurring the capital gain (the recipient will be responsible for the gain).
E
Elated Panda
Has there been any movement on this topic?
S
Sepia Lion
Elated Panda not that I know of. I will follow up with my connection at Koinly.
E
Elated Panda
I want to also ask for this feature. It would be VERY VALUABLE. I asked a couple years ago and it was not available then
P
Physical Swift
Everything on this platform should be set up to minimise tax