
Tax Reform Will Not Change Rules on Stock Sales
We are starting the week with some good news: The final tax reform bill that Congress will vote on this week will not contain the so-called FIFO regulation, which I expressed concern about last week. Investors will continue to be able to designate which lot of shares they want to sell, providing ongoing control over when and how to recognize capital gains and losses. My colleague Kristi Mathisen, LNWM’s Managing Director of Tax and Financial Planning, is monitoring the legislation closely and will provide a thorough review in the January 2018 issue of our quarterly newsletter Navigator. If you’re not already receiving Navigator, go to our Contact Us page and click on “Join Newsletter List.”