How do I fix the indentation of selected lines in Visual Studio

Selecting all the text you wish to format and pressing CtrlK, CtrlF shortcut applies the indenting and space formatting.

As specified in the Formatting pane (of the language being used) in the Text Editor section of the Options dialog.

See VS Shortcuts for more.

Selecting the text to fix, and CtrlK, CtrlF shortcut certainly works. However, I generally find that if a particular method (for instance) has it's indentation messed up, simply removing the closing brace of the method, and re-adding, in fact fixes the indentation anyway, thereby doing without the need to select the code before hand, ergo is quicker. ymmv.

I like Ctrl+K, Ctrl+D, which indents the whole document.