From Wiktionary, the free dictionary
tax lot (plural tax lots)
- (accounting, taxation, US) A grouping of security holdings in an account used for enabling the calculation and treatment of the securities for tax compliance and reporting.
2003, Stephen Satchell with Alan Scowcroft, Advances in Portfolio Construction and Implementation, page 128:In some countries such as the USA, cost basis must be considered on a tax lot-by-tax lot basis.
- (accounting, real estate, US) An parcel of real property on which property taxes are levied.
