Lynn KernDec 27, 2021 · 3 years ago2 answers What are the best strategies for converting from FIFO to LIFO in the cryptocurrency industry?
In the cryptocurrency industry, what are the most effective strategies for converting from the First-In-First-Out (FIFO) method to the Last-In-First-Out (LIFO) method? How can this conversion be done while ensuring compliance with tax regulations and maintaining accurate accounting records? What are the potential benefits and drawbacks of using the LIFO method in the cryptocurrency industry?