MinorError,
In the US cash based accounting transactions assume FIFO for the currency / cash asset on the balance sheet.
H@shKraker
Can you put that in terms an idiot like me can understand?
He means "First In, First Out".
In other words, the first Bitcoin you spend is considered to be the first Bitcoin you purchased, the second Bitcoin you spend is considered to be the second Bitcoin you purchased, etc.
thank you sir.