The "HIFO" gain/loss methodology is a form of loss harvesting. This means taking losses upfront and delaying gains where possible thus decreasing the taxpayer tax burden/penalty in a given year.
HIFO stands for Highest-In, First-Out. This means that your gain/loss was calculated by matching your trades and transfers with the highest cost basis to your sales of assets.
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.