Sabal Dhwoj KhadkaNov 24, 2021 · 3 years ago9 answersWhat are the advantages and disadvantages of using FIFO, LIFO, and average cost methods for calculating cryptocurrency gains and losses?
When it comes to calculating cryptocurrency gains and losses, there are three commonly used methods: FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average cost. What are the advantages and disadvantages of using these methods? How do they affect the accuracy of calculating gains and losses for cryptocurrencies?
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