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Tax Lot Accounting

Tax Lot Accounting Definition

Tax Lot Accounting refers to a record keeping technique that tracks information such as the dates of purchase and sale, cost basis, and transaction size for securities. Using advanced techniques gives firms flexibility when balancing their books on a short-term basis. The aim is to minimize taxes by postponing the realization of capital gains and recognizing losses sooner.

RELATED TERMS
Capital gains tax
RELATED CATEGORIES
Accounting
Taxes







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