For tax purposes can I select which "lots" I sell? I'd like to harvest some ST losses to offset some other realized ST gains.

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My understanding is that you can pick rather than sticking to FIFO or LIFO as long as you keep track. I did some quick googling at the beginning of the year so definitely double check…

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I think it’s FIFO, LIFO, and HIFO - HIFO is the key to get rid of losses and immediately buy back as there is no wash sales rules for crypto yet

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IRS has indicated that it supports the specific identification method in Rev. Ruling 2019-24 and the IRS’s associated FAQ.

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Wouldn't you have to sell both to have a loss and a gain?

I could be way off here, but I thought that's how it worked.

I have realized st and lt gains from stocks. I have net unrealized gains in ETH but bought some at 4, 2, and 3 so if I could sell the 4 it would help reduce my tax bill.

Don’t think crypto works like that. Very gray area to me. This whole tax thing is a mess.

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