3 ms·

Which btc are you spending? Most recent ones? Or oldest?

• hparadiz 5y ago
  Fifo rules apply (first in, first out)
  • lowercased 5y ago
    not sure why that would necessarily apply. with any stocks I own, I can choose which lots to sell. i don't have to handle them as FIFO.
  • NovemberWhiskey 5y ago
    I'm genuinely interested to hear how this gets implemented in a way that's not grossly time-consuming. As I understand it, the requirement is basically that every time you use BTC for a purchase, you're required to identify the USD basis for the BTC and take a gain or a loss according to the USD value of the transaction, right? For me, it's painful enough to do that for a relative handful of stock trades throughout the course of the year, and that's with my brokerage tracking the basis and sale price of various lots for me. I can't even begin to imagine the nausea of having to track all that myself and report it.
    • lallysingh 5y ago
      pip install cryptotax (seriously)