Request for Tax Statement Compatibility: LIFO method

Please add LIFO method for calculating earnings from our investments. It’s a pain in the butt to calculate it manually for tax statement. Most EU countries use FIFO/LIFO statements. As for me I’m in italy and they require LIFO statement. Other brokers like scalable capital already offer this. Here, influencers don’t recommend trading 212 as an app because of this problem. It becomes a big headache when it comes to tax statement. You could gain a bunch of new users if this gets added so people reevaluate the platform. Most of your userbase is from EU so I feel like these 2 methods should be something standard that the platform should have as an option.

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Adding this will be better than paying an influencer for publicity.

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This is the second time I post about this and it got ignored both times. It’s almost end of the year. If something simple as this doesn’t get added, I think I’m forced to switch brokers next year as I have to pay someone to calculate all the transactions which defeats the point of a commission free broker.

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I am in the same position. Unfortunately, EU members have wildly different ways of claiming taxes on capital gains, and it would be a real mess to keep up with the whole lot of rules.

On top of that, in Italy (where I pay taxes), you also have to pay a tax on the whole value of your portfolio.

Trading 212 provides the Invest service free of charge, but they would definitely require commissions if they were to provide that facility.

Bottom line: I do the job of calculating how much I owe to my country, fill in the tax report, and directly pay the local revenue authority.

They just have to provide LIFO and FIFO statement methods which are standardized in EU. A script calculating this automatically wouldn’t cost anything for them except the time to develop the script.
”Based on current data (as of November 2025), most major brokers support LIFO (Last In, First Out) as a cost basis method for calculating capital gains/losses on stock sales, and they include it in their free year-end tax statements (e.g., 1099-B forms or equivalent reports). LIFO must be elected in advance (via account settings or trade instructions), as it’s not the IRS default (FIFO). Once selected, the broker generates the LIFO-based report for free as part of standard tax reporting—no extra fees for the statement itself.”

Thanks for sharing your thoughts with us, @rek :folded_hands:

I agree this could be a useful addition, and I forwarded your feedback to the team. We will definitely consider offering this as an option when generating the statement, but even if the suggestion goes through into the improvements pipeline, it’s unlikely that things will be finalised and released for the current tax year.

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