Cost Basis HIFO Calculator
Calculate your cryptocurrency cost basis using the HIFO (Highest-In-First-Out) method. Highest cost purchases are sold first to minimize gains.
Purchase History
Lot #1
$
Lot #2
$
Lot #3
$
Sale Details
$
HIFO Benefit: Sells your highest-cost coins first, minimizing your taxable gain (or maximizing your loss).
Total Loss (HIFO)
-$500
Cost Basis: $17,300 (Highest first)
💵Sale Proceeds
$16,800
📊Cost Basis
$17,300
📈Avg Cost/Unit
$43,250
💰Tax Savings
$700
Lots Used (HIFO Order - Highest First)
2023-06-20Long-term
0.3000 @ $45,000
Cost: $13,500
2024-02-10Short-term
0.1000 @ $38,000
Cost: $3,800
Method Comparison
HIFO Gain/Loss-$500
FIFO Gain/Loss$8,800
LIFO Gain/Loss$200
HIFO AdvantageLowest taxable gain
Note: HIFO requires specific lot identification and may need to be elected with your tax preparer. It provides the lowest taxable gain when selling at a profit by using your highest cost purchases first.