SoFi follows the MinTax (Minimum Tax) method for deciding which tax lots to sell within a SoFi investment account.
We determine the best tax lot of each security to sell to minimize tax impact and lower the tax burden on our members.
The lots are selected in the following order:
- Short-term capital loss, from the biggest loss to the smallest
- Long-term capital loss, from the biggest loss to the smallest
- Short-term zero gain/loss
- Long-term zero gain/loss
- Long-term capital gains, from the smallest gain to the biggest
- Short-term capital gains, from the smallest gain to the biggest