What Is Tax Loss Harvesting? How you can Save on Crypto Taxes Whereas Nonetheless Hodling Bitcoin

What Is Tax Loss Harvesting? How you can Save on Crypto Taxes Whereas Nonetheless Hodling Bitcoin

by Jeremy

Bitcoin buyers can choose three totally different accounting therapies for his or her bitcoin. These are Particular ID (HIFO, or highest in, first out), last-in first-out (LIFO), and first-in first-out (FIFO). Every of those strategies refers back to the query of “which” bitcoin was offered when an investor sells BTC.

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