FIFO is an accepted inventory costing method in the U.S. using Generally Accepted Accounting Principles (GAAP). FIFO means "First In, First Out." It's a valuation method in which older inventory ...

the IRS had decreed that unless crypto investors explicitly chose a preferred accounting method, centralized finance (CeFi) ...

FIFO, otherwise known as “First In ... in order to give brokers time to support all accounting methods. Crypto taxpayers will be able to maintain their own records until that date.