TAX LOT ID Methods, Ordinary Dividends, and Qualified Dividends (Simply Explained)
After about 2 years into investing in the stock market, it dawned on us we should EXPLAIN what TAX LOT ID Methods and Qualified Dividends truly are!
First though, what is a TAX LOT?
For Tax purposes when someone buys shares it is referred to as a “Lot”. A “LOT” is used as a…