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3 Ways To Do Crypto Taxes And Save More MoneyThe LIFO method, on the other hand, assumes that the last goods purchased are the first goods sold. Both methods can lead to considerably different results. The. While FIFO is considered the default accounting method, methods like HIFO can help to reduce your crypto taxes. Table of contents. View more. Crypto accounting. FIFO is used by most investors since it is considered the most conservative accounting method. While methods like HIFO and LIFO can reduce your tax bill, they.
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