4 ms·
If I buy N btc every month for different price and then sell some fractional amount, what would be the cost base? It appears to be possible to name the lot bein
by yks 9y ago
If I buy N btc every month for different price and then sell some fractional amount, what would be the cost base? It appears to be possible to name the lot being sold but I can't find the consensus, internet in general advises FIFO.
- froindt 9y agoIf it's like stocks, I reckon you can specify which lot is getting sold. That was one of the things up for debate under the GOP proposed tax reforms. FIFO requirement for sales didn't make it into the final bill. This is the best resource I have found at a quick search. The answer is simply it depends on how you setup your cost basis. https://www.investopedia.com/terms/a/averagecostbasismethod.asp https://www.investopedia.com/terms/a/averagecostbasismethod....
- yks 9y agobut can I switch between different cost basis methods per transaction basically? exchanges don't provide any tax info anyway.