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SoftLedger does it for you. If you sell some of your cryptocurrency, SoftLedger already has first cost basis from Augustit can quickly become cumbersome if not impossible to the FIFO methodology.
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Investopedia Video: Cost Basis BasicsCost basis is the original purchase price of a crypto asset for tax purposes. When you sell, trade, or dispose of your crypto, it triggers a. HIFO, short for Highest-In-First-Out, is a cost basis method for valuing crypto assets where the highest price paid is reduced from the sale price to arrive at. "Cost basis" in crypto refers to the original purchase price or value of a cryptocurrency asset, inclusive of associated fees. To calculate it.
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