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
djmeistro✝️ 🍊💊⚡️
npub1rc…7cfuz
2024-09-03 00:12:46
Author Public Key
npub1rcr8h76csgzhdhea4a7tq5w5gydcpg9clgf0cffu6z45rnc6yp5sj7cfuzPublished at
2024-09-03 00:12:46Event JSON
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"content": "Hypothetical #asknostr question for accountants: \n\nLet'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...\n\nLet'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. \n\nThe question is can I choose to use LIFO on only bitcoin considered long term holdings?\n\n#plebchain #growstr #accountingstr",
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