Quick Trick for Crypto Taxes
If you're involved in a lot of small transactions, calculating the tax cost basis can be a real pain. Use the quick trick in the video below to let the blockchain do the work for you!
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From what I understand. You owe taxes when you trade your bitcoins (or what ever). A capital gain or lose. If you receive bitcoins at many different times and prices. How do you show which ones you are spending/trading? Do you just add them all up at the time of the trade and take an average? Do you just pick the ones that work the best at the time of trade?
I found the answer. It's first in first out.