How do I close specific lots of my position?

You now have more control of which lots you would like to sell from your position.  This will allow you to have better control over the tax implications of your closing trades including selecting lots from your long term or short term holdings or the potential profit or loss.

To close specific lots of your position you will need to be logged into the trading platform.

From your position information:

1. Select View Lots by right clicking on your position you want to close. 
2. A new window call View Lots will open displaying a list of your purchase history.
3. At the bottom of the list of lots, you will see the button for Close Specific Lots.
4. Click or tap on Close Specific Lots.
5. Select the lots that you would like to close.
6. Click or tap on Create Order.
7. Enter your preferred order type and limit price if applicable.
8. Then submit the order.

From the order entry ticket:

1. Open order ticket.
2. Select an account.
3. Enter the ticker of the position you would like to close.
4. Click or tap on Select Lots.
5. Select the lots that you would like to close.
6. Click or tap on Continue.
7. Enter your preferred order type and limit price if applicable.
8. Then submit the order.

To close a number of shares less than those selected in Close Specific Lots, reduce the number of shares in the order ticket Quantity field.  As the order executes, the shares sold will be matched in the ranking order selected in Close Specific Lots.  Order quantity larger than those selected in Close Specific Lots will be matched using your default matching method.

Once an order is submitted, you cannot change the lots selected to be matched.  You can review and change the matching lots for the executed trades using Tax Optimizer.

 Please Note

• The Tax Optimizer application allows you to manage your stock, option, bond and warrant gains and losses for tax purposes. From the Tax Optimizer you can make your selection as soon as the position has been closed. 
• IBKR does not provide legal or tax advice and nothing displayed should be construed as tax advice. The View Lot 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.

Additional Information

• How you can access the Tax Optimizer.
• Tax Optimizer in our Users' Guide.