Bitcoin investors can select three different accounting treatments for their bitcoin. These are Specific ID (HIFO, or highest in, first out), last-in first-out (LIFO), and first-in first-out (FIFO). Each of these methods refers to the question of “which” bitcoin was sold when an investor sells BTC. www.coindesk.com
Bitcoin investors can select three different accounting treatments for their bitcoin. These are Specific ID (HIFO, or highest in, first out), last-in first-out (LIFO), and first-in first-out (FIFO). Each of these methods refers to the question of “which” bitcoin was sold when an investor sells BTC.
www.coindesk.com