{"title":"HIFO会计可能带来的好处","authors":"Robert J. Atra, Yuntaek Pae","doi":"10.2139/ssrn.2151955","DOIUrl":null,"url":null,"abstract":"New IRS rules on accounting for cost basis often impose on investors a decision regarding cost basis when selling shares. We investigate in a very practical way the likely benefits from choosing the highest-in, first-out (HIFO) method for tracking shares. Our results show that for realistic scenarios where investors plan for retirement, HIFO accounting can add about 2% to the investor’s total wealth at the retirement date. Above average tax rates and greater volatility increase the value of using HIFO accounting.","PeriodicalId":255253,"journal":{"name":"Midwest Finance Association 2013 Annual Meeting (Archive)","volume":"152 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2012-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Likely Benefits from HIFO Accounting\",\"authors\":\"Robert J. Atra, Yuntaek Pae\",\"doi\":\"10.2139/ssrn.2151955\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"New IRS rules on accounting for cost basis often impose on investors a decision regarding cost basis when selling shares. We investigate in a very practical way the likely benefits from choosing the highest-in, first-out (HIFO) method for tracking shares. Our results show that for realistic scenarios where investors plan for retirement, HIFO accounting can add about 2% to the investor’s total wealth at the retirement date. Above average tax rates and greater volatility increase the value of using HIFO accounting.\",\"PeriodicalId\":255253,\"journal\":{\"name\":\"Midwest Finance Association 2013 Annual Meeting (Archive)\",\"volume\":\"152 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-09-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Midwest Finance Association 2013 Annual Meeting (Archive)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2151955\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Midwest Finance Association 2013 Annual Meeting (Archive)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2151955","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
New IRS rules on accounting for cost basis often impose on investors a decision regarding cost basis when selling shares. We investigate in a very practical way the likely benefits from choosing the highest-in, first-out (HIFO) method for tracking shares. Our results show that for realistic scenarios where investors plan for retirement, HIFO accounting can add about 2% to the investor’s total wealth at the retirement date. Above average tax rates and greater volatility increase the value of using HIFO accounting.
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