Global Feed Post Login
Replying to Avatar Subhan Tariq, Esq.

The best is the highest in first out, so if he’s been buying recently, then his latest buy buys are the ones that he should sell, which will have minimal gains for tax purposes.

He should keep his oldest bitcoin that he purchased at the lowest prices because that will have the largest tax consequences if he decides to sell that

So it’s a hi-fo highest in first out

Avatar
Satoshis Nephew 11mo ago

That’s what I thought but seems not.. seems first bought first out..

Gonna be difficult to explain that one

Reply to this note

Please Login to reply.

Discussion

No replies yet.