Global Feed Post Login
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

Avatar
djmeistro✝️ 🍊💊⚡️ 1y ago

Boosting this for more confirmation... Would any accountants chime in?

#asknostr #plebchain #growstr

nostr:nevent1qqs0kyaflfpt6y4ljx46jl0ychykjsemf6r7n0lpprye7dv6sclkaygpz9mhxue69uhkummnw3ezuamfdejj7q3qrcr8h76csgzhdhea4a7tq5w5gydcpg9clgf0cffu6z45rnc6yp5sxpqqqqqqz7csw3h

Reply to this note

Please Login to reply.

Discussion

Avatar
Digital Panhandler 1y ago

Sell bitcoin?

Avatar
djmeistro✝️ 🍊💊⚡️ 1y ago

Hypothetical question, not planning on spending any of it until the next halving

Thread collapsed
Thread collapsed