If I bought shares of stock abc over a period of time for example:
- 50 shares @ $100 1 year ago (long term capital gains)
- 20 shares @ $120 2 months ago (short term capital gains)
Today the price is $140.
If I sell say 20 or 30 shares, how are the taxes calculated? Do I get an option to specify which shares I can sell based on the purchase date?
This is wrt to US tax laws.