Business & farm

Hi Diane is HIFO still ok if you break down sales? HIFO creates a much lower tax liability than FIFO for me for 2018. so does "average cost". In 2017 FIFO is better but if i need to be consistent there is so much more tax in 2018 i would do whatever is best for 18. i do also have standard stock sale cap gains in 2018 from a 1099-B which I assume were calculate with FIFO....