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Keeping Track of Tax Lots (if I don't sell)...

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  • Keeping Track of Tax Lots (if I don't sell)...

    I understand the concept of keeping track of Tax Lots on investments... my question is, "should one be concerned if you're not planning on selling in the next 365 days?" I'm a buy and hold guy (index funds), don't plan on selling any time soon... Does it make sense for me to be concerned about tax lots and auto-reinvest settings if I'm not going to sell anything the foreseeable future? From what I understand, I shouldn't be too thorough until a year away from selling, then keep track for LTCG etc....

    Does this sound right?

  • #2
    Summoning my inner Peds,

    No
    No
    Yes

    Only caveats I can think of are rebalancing and wash sale considerations re: reinvestment of dividends.

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