Tax Method:  FIFO: First In, First Out, commonly known as FIFO, is an asset-management and valuation method in which assets produced or acquired first are sold, used, or disposed of first. For tax purposes, FIFO assumes that assets with the oldest costs are included in the income. The remaining inventory assets are matched to the assets that are most recently purchased or produced. Source: https://www.investopedia.com/terms/f/fifo.asp LIFO: Last In, First Out, the inventory valuation method opposite to FIFO, where the last item purchased or acquired is the first item out. In inflationary economies, this results in deflated net income costs and lower ending balances in inventory when compared to FIFO. Source: https://www.investopedia.com/terms/l/lifo.asp Multiple Depot approach:  Available Key metrics:  Initial yearly portfolio value: The monetary value of cryptocurrency portfolio based on the beginning of previous year End of the year portfolio value: The monetary value of cryptocurrency portfolio based on the end of previous year Number of transactions for the year: Amount of trades, transactions, fees, and others completed during that tax year Fields available:  Gains/Losses with a holding period of less than one year: Any positive or negative disposal of a crypto asset that generated a gain or a loss during a short-term period or held in an exchange or wallet for less than one year.   Gains/Losses with a holding period of less than one year: Any positive or negative disposal of a crypto asset that generated a gain or a loss during a long-term period or held in an exchange or wallet for more than one year.   Other income Any income in cryptocurrency generated out of other available transaction classification like: bounties airdrops mining staking   Total gains The total amount of disposals that generated a profit whether capital gains or income. Losses and fees from margin trades The total amount of disposals generated a negative value based on trades and transactions as well as the brokers' margin fee costs from margin trading.   Transaction fees Fees paid to exchanges, wallets or miners in the different platforms in order to perform a transaction   Disposals of standard orders and transfers Accrual all of the different transactions that are classified as orders or transfers aligned to a specific buy/sell date, source, type, and cost basis.   List of airdrops and hard forks with date All airdrops and hardforks combined in one list with the specific acquisition date of each and the cost basis   Disposals of airdropped and hard forked coins All airdrops and hardforked coins that were sold or transferred with its source (depot), cost basis, sell date, fees and proceeds   Staking mining master node bounty income All staking, mining, master node and bounty income combined in one list with the specific acquisition date of each and the cost basis   Disposals of coins earned from mining or staking All tokens staked, mined, put into a master node or received via bounty that were sold and generated a gain or loss with its source (depot), cost basis, sell date, fees and proceeds    Margin PNL  Overall profit and loss of the entire margin trading history of a user during that tax year with it's assigned buy/sell date, type, cost basis, proceeds, source (depot), classification, and others Disposals of coins from magin gain/loss trades Disposal of tokens in margin trading activities that generated a gain or a loss with it's corresponding buy/sell date, type, cost basis, proceeds, source (depot), classification, and others   Disclaimer: The US crypto tax report disclaimer establishes the following: Assumptions Calculations Sources of information Variability for calculations Use cases: Tax filing All profits generated during activities related to cryptocurrency are taxable with very few exceptions. For more information, go here.   AML report Some banks will require a recount of every single transaction due to Anti-Money Laundering laws in the US.  Tax partner:  Clinton Donelly a.k.a The Crypto Tax Fixer. For more information, go here.