Dowling RalstonJun 12, 2022 · 3 years ago9 answers What is the impact of first in first out accounting on cryptocurrency trading?
How does the use of first in first out (FIFO) accounting method affect cryptocurrency trading? What are the implications and consequences of applying FIFO accounting to cryptocurrency transactions? How does it impact the calculation of gains and losses for tax purposes? Are there any potential advantages or disadvantages of using FIFO accounting in the context of cryptocurrency trading?