Re: Do I need to file Form 3115, Application for Change in Accounting Method, if I want to change my cost basis assignment method for calculating capital gains on bitcoin?

posted

I would not bother filing a form that sends a signal to the IRS that you want to use the most generous method of accounting for the sale of crypto which is a method that hasn't been approved. It would be wisest to not bother with this change or change to a conservative method that will be allowed like FIFO.