Close Specific Lots
Take Control of Your Tax Strategy by Closing Specific Lots
The Close Specific Lots feature gives you more control over your trades. Whether you are managing gains, rebalancing your portfolio, or following a precise strategy, selecting specific lots helps you trade smarter.
Smarter Tax Moves, Better Portfolio Management
Closing specific lots lets you choose exactly which shares to sell, helping you manage taxes, reduce risk, and stick to your investment plan. You can minimize capital gains by selling higher-cost shares or realize losses to offset gains in other positions. If you are holding both short- and long-term lots, you can decide which to sell based on your tax goals. This level of control also supports better portfolio management, giving you the flexibility to rebalance or reduce exposure without disrupting long-term positions. It also helps maintain a clear audit trail for compliance and reporting.
Sell What You Want, When You Want
Using Close Specific Lots is straightforward:
- Open View Lots from the context menu of any position
- Click the Close Specific Lots button
- Select the exact lots you want to sell
- Choose your preferred order type and set a limit price if needed
There is no extra cost to use this feature. It is available to all clients as part of our standard trading tools.
Take the guesswork out of trade management and put yourself in control with Close Specific Lots.
USER GUIDES
Get Started with Close Specific Lots
For more information on Close Specific Lots, select your trading platform.
Disclosures
Closing specific lots can help manage tax liabilities and portfolio strategy, but it involves risks including market fluctuations, potential tax consequences, and timing impacts. Selling certain lots may trigger unexpected capital gains or losses and may affect your portfolio’s diversification and long-term growth. It is important to consider your overall financial goals, investment horizon, and tax situation before executing trades. Consult with a qualified tax advisor or financial professional to ensure that using the Close Specific Lots feature aligns with your personal circumstances and risk tolerance.
We do not provide legal or tax advice and nothing displayed should be construed as tax advice. This tool is solely for illustrative purposes and designed to provide general estimates only. You must consult your own attorney or tax advisor to determine how to manage your investments for tax efficiency and in order to comply with tax laws.
There is no warranty, expressed or implied, regarding the accuracy of the data, calculations, or any information displayed. The tool may not be updated to reflect changes in tax laws. The assumptions in the tool may not be accurate for your particular circumstances or jurisdiction.
The tool is not intended as an online tax preparation tool and should not be used to determine your tax bill. It was not intended or written to be used, and it cannot be used, by you for the purpose of avoiding any penalty that may be imposed by the US Internal Revenue Service or any other taxation authority.
Your use of the tool constitutes your admission and agreement that you have read and understand the above disclaimers and limitations of liability and that you will not seek liability for any mistakes, misuse or misunderstandings or for any claim or cause of action arising from your use of the tool.