If you do not identify specific units of virtual currency, the units are deemed to have been sold, exchanged, or otherwise disposed of in chronological order beginning with the earliest unit of the virtual currency you purchased or acquired; that is, on a first in, first out (FIFO) basis.
How do I account for a sale, exchange, or other disposition of units of virtual currency if I do not specifically identify the units?
- virtual currency, digital currency, cryptocurrency, sale, exchange, disposition
- 0 Users Found This Useful