Todf MonroeDec 26, 2021 · 3 years ago8 answers What are the alternatives to the FIFO (First In, First Out) requirement for calculating cryptocurrency profits?
Are there any alternatives to using the FIFO (First In, First Out) method for calculating profits in cryptocurrency trading? I've heard that FIFO can sometimes result in higher tax liabilities or inaccurate profit calculations. What other methods can be used to calculate cryptocurrency profits? Are there any advantages or disadvantages to these alternative methods?