ELI5 —Part 1: Crypto Taxation

  • …want to understand how your crypto assets are measured
  • …didn’t study business administration or accounting and have never heard about Fifo or Lifo
  • …want to get a better understanding of inventory methods
  • …DID study business administration but fell asleep during accounting 101

The Fundamental Truth of Taxation

  1. How much money you own relative to the last time you filed taxes
  2. Your tax rate

Lesson one: Inventory

FIFO

LIFO

FIFO and LIFO in Action

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Connecting Crypto: Track, Manage, and Report all Your Crypto Platforms in One Place.

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Connecting Crypto: Track, Manage, and Report all Your Crypto Platforms in One Place.

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