"FIFO" stands for First-In, First-Out. This means that your gain/loss was calculated by matching your trades and transfers starting from the earliest point in time to your sales of assets in this tax year. 


NOTE: Lukka does not provide tax advice. The statements above are general in nature and do not address how the application of the tax rules can vary based on a taxpayer’s actual facts. Please consult a tax professional on how the tax rules apply to your specific facts.

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