Say I bought 100 shares of stock ABC in 2014 at $10.00 and held it ever since. Let's say that, today, it's down to $9.00. I think ABC is still a good buy and I decide to buy 100 shares more.
Scenario 1: ABC goes up to $15.00. If I sell my entire stake in less than a year, do my initial shares benefit from long term capital gains still? Or do I split up the investment for tax purposes?
Scenario 2: ABC goes up, but only to $9.50... so my second investment was actually a gain despite my initial investment being a loss. How does that work?
Couldn't find an answer on my own, so thought I'd ask here.
Submitted June 07, 2017 at 05:28PM by maxlanman http://ift.tt/2qXzD02
