Avoid Tax Surprises When Selling Mutual Funds

Selling mutual funds? Choose the right cost basis method to manage taxes efficiently and maximize your gains. Explore ...

What is the FIFO method - deployed to compute capital gains tax on the sale of mutual funds?

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, ...
Houston Chronicle

Examples of FIFO and LIFO in Accounting

Two common ways for companies to account for inventory are first-in/first-out, or FIFO, and last-in/last-out, or LIFO. In FIFO, the first units that arrive in the business are the first sold. In LIFO, ...
Houston Chronicle

Example of FIFO Goods

The first-in, first-out inventory (FIFO) system works by assuming that items are pulled out of inventory in the same order that they get put in. Moving older stock first can increase your company's ...