Just adding more compliance cost. A hidden tax. Having said that, you could have a wallet of each accounting method, and have the optionality to keep the tax bill to a minimum (0). For example, oldest coins can be used on low income years (less than 40k) to lower your long term cap gains bill to 0.
Discussion
I don't know if you can have homogenous cost basis strategies. My impression was that you had to apply the same strategy to each.
And that the strategy has to be the same going forward for future taxes
Well that’s bullshit 🤮
What you are describing is exactly why these safe harbor rules now exist. People started strategically picking and choosing the most advantageous strategy
Interesting. The real solution is to rid of capital gains tax on #bitcoin as it is a tax on our refusal to be debased. But until then, Inlove your idea here 😂 nostr:nevent1qqsx9t9vaa70dau5u0ehj0d7pd0dhqu8ma08e0qz885cv97qd4g7qwspzpmhxue69uhkummnw3ezuamfdejsz8rhwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdaksz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqz9nhwden5te0wfjkccte9ehx7um5wghxyctwvsdl2s2v