Last-In, First-Out Cost Basis and When to Use It

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The concept LIFO (last-in, first-out) assumes the most recently acquired units of an asset are the first ones sold — the mirror image of FIFO. Unlike stock brokerages, which often let investors toggle between FIFO, LIFO, and specific ID with a dropdown menu, crypto exchanges rarely offer a native LIFO election. In practice, LIFO for crypto is generally only defensible……

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