Crypto Taxes for Dummies
This post explains taxes for cryptocurrencies via 3 examples, and introduces the difference between FIFO & LIFO. These are artificial examples, and not advice.
The examples in this post have real numbers, that feel more realistic, but might be harder to read. If you prefer examples with round numbers, check out this version of the same post.
Understanding the basics of taxes is important not just for paying taxes, but also to inform your trading strategy and to avoid unpleasant surprises. I hope…