Sell shares
A sell closes shares and records realized gain. FIFO uses the oldest lot. Average cost spreads the sale. Specific lot requires you to allocate every share before save. A sale does not change the market quote unless you check Also update the market quote.
Steps
- Open Portfolio and choose the account.
- Set Action to Sell and the cost-basis method.
- Enter shares and price.
- For Specific lot, type a share count on each open lot so the total matches the sale, then choose Preview gain.
- Choose Record action. Cash can stay in the brokerage or move to another account.
The preview shows proceeds, basis, gain, and short-term or long-term for each lot. The sale will not save if any share is unallocated.
If this goes wrong
If the button reports that every share must be allocated, add the missing lot amounts. Basis is never blank once the allocation is complete.