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Topic: IRS taxes and FIFO, setting aside Long Term positions (Read 1322 times)

legendary
Activity: 1159
Merit: 1001
I don't know much about taxes.  But I was poking around and saw a thread where some suggested use of FIFO.

From last week's dip, I have some BTC in the 300's I'd like to keep as my core long term holdings (or until the next dip).

Since I buy and sell often on nearly a daily basis, is it possible to set those aside and consider those my Long positions?

Hope this makes sense.  Grin
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