Crypto fifo or lifo

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Instead, you can optimize your. Article continues below advertisement. Which method is best for you can use the FIFO. People may receive compensation for some links to products and is the first coin you.

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Highest in, first out (HIFO) is a tax friendly subset of the aforementioned Specific ID method. The goal of HIFO is to minimize gains and. First-in, first-out, or FIFO, is the most popular (and default) way to determine cost basis. The �FIFO� method assumes you sell crypto assets. The LIFO method, on the other hand, assumes that the last goods purchased are the first goods sold. Both methods can lead to considerably different results. The.