In the US, the IRS currently does not have any specific guidelines for capital gains calculation methods. Lumina offers the ability to specify the accounting method used to calculate capital gains per portfolio, which can be changed in your Portfolio Settings. The methods we offer are First-in-First-Out, Last-in-First-Out, High-In-First-Out, Low-In-First-Out.
Note: Lumina is intended to serve as an informational and assistive tool only. Lumina is not intended to substitute for professional tax, accounting, audit, or legal advice. Information provided on Lumina is subject to change without notice. Lumina is not responsible for the accuracy of your tax, audit, or legal compliance. Please consult a licensed professional for financial, tax, and legal advice.
