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I don't know how to determine FIFO for Bitcoin sales. I purchased in 2022 (several times), moved to a cold wallet, and then moved some back to Coinbase last year to sell.
-I bought largely in small amounts of a couple hundred at a time.
-I moved it all to a cold wallet in 2023
-I moved some back this year and sold it in two instances to pay for medical bills.
-Coinbase is considering the date I moved it back from my cold wallet as the day I received it--thus making it only a short-term holding and not showing the actual amount of money I made.
-I don't know how to determine the "cost" or gains.
March 2, 2025
12:56 PM