djmeistro ✝️🍊💊⚡️ on Nostr: Hypothetical #asknostr question for accountants: Let's say I want to sell some of my ...
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
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