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Replying to Avatar djmeistro✝️ 🍊💊⚡️

Hypothetical #asknostr question for accountants:

Let's say I want to sell some of my Bitcoin... My earliest purchases are going to be hard to calculate my cost basis because I didn't keep good records/the platform my now be defunct...

Let's say I want to use LIFO (since I do have better records of my cost basis). I currently DCA hourly so there's this past year lot of bitcoin that is short term holdings.

The question is can I choose to use LIFO on only bitcoin considered long term holdings?

#plebchain #growstr #accountingstr

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Lighthouse 1y ago

Yeah this shit is too complex

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djmeistro✝️ 🍊💊⚡️ 1y ago

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