Tax optimized algorithm by holding period
submitted
Chandan - CoinTracker
Users Feature Request:
- Currently, CoinTracker offers the option for users to apply cost basis methods such as HIFO (Highest In First Out), but only for long-term assets. This feature request proposes an enhancement to support a more tax-optimized algorithmthat:
- Uses HIFOwhile also factoring inshort-term vs. long-term holding periodsto minimize tax liability.
- Selects the lowest cost basis lots for donations, aligning with common tax strategies where users prefer to donate assets with the highest potential write-off.
This would give users greater flexibility and control over how assets are selected for disposals and donations based on their tax implications.
As a user, what can I do?
You can 🔼 upvote this feedback post to indicate you would like this feature added! The post status will be changed to
Complete
should we pursue this feature. Up-voters will be notified of the status change.I need additional assistance, who can I contact?
For further assistance, please contact our
support team directly
.Thank you for your feedback and cooperation as we work to enhance your CoinTracker experience!
Keyword: Tax Optimization, HIFO, Asset Holding Period, Donations, Capital Gains Strategy
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submitted