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Old 04-01-2013, 05:59 PM  
L-Pink
working on my tan
 
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,152
Quote:
Originally Posted by ilnjscb View Post
FIFO/LIFO?!!? This guy has double entry skillz!

Not to support bitcoins, but is that really true? I think you can roll up trades in non-real currencies to when you cash them, which I would do nightly if it was me. In other words, like options, they have no intrinsic value until they are cash. One could, theoretically, hold them for a period of time if one wished.
Hold as long or short as you like but taxes are still owed on any gain.
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