FIFO Calculator
First In, First Out cost basis tracking
Add Purchase
Add Sale
Total Purchases
0
Transactions
Total Sales
0
Transactions
Total Gain/Loss
$0.00
Using FIFO
Remaining Holdings
0
Units
Purchase History
| Date | Qty | Price | Total | Status |
|---|---|---|---|---|
| No purchases added yet | ||||
Sale History
| Date | Qty | Price | Gain/Loss |
|---|---|---|---|
| No sales added yet | |||
FIFO Matching Details
Add purchases and sales to see FIFO matching
When to Use FIFO Calculator
Crypto Tax Reporting
Calculate cost basis for cryptocurrency sales using FIFO. Track multiple buys and sells across exchanges. Generate accurate tax reports with proper lot matching for IRS compliance.
Stock Portfolio Tracking
Track stock purchases and sales with FIFO accounting. Calculate capital gains for each trade. Perfect for investors who buy shares regularly and need accurate cost basis tracking.
Tax Planning
Plan sales before executing them. See which lots will be sold under FIFO and the resulting tax impact. Compare FIFO results with other methods to choose the best strategy.
Record Keeping
Maintain detailed records of all transactions. Track which lots have been sold and which remain. Essential documentation for audits and tax disputes.
DCA Strategy Analysis
Dollar-cost averaging into positions? FIFO shows exactly which purchases are sold first. Analyze the performance of your DCA strategy and understand true cost basis.
Inventory Management
Track remaining inventory after sales. Know your current holdings and their cost basis. Useful for businesses and traders managing large positions across multiple purchases.
Frequently Asked Questions
What is FIFO?
FIFO (First In, First Out) is a cost basis accounting method where the first assets you purchase are considered the first ones sold. When you sell crypto or stocks, FIFO assumes you're selling the oldest holdings first. This determines your cost basis and capital gains for tax purposes.
How do I use the FIFO calculator?
Add your purchase transactions (date, quantity, price) in chronological order. Then add your sale transactions. The calculator automatically matches sales to the oldest purchases using FIFO, calculates cost basis, capital gains/losses, and shows which lots were sold.
When should I use FIFO?
Use FIFO when your oldest holdings have the lowest cost basis and you want to minimize gains, or when required by your jurisdiction. FIFO is the default method for crypto in many countries and is simple to track. It works well in rising markets where older purchases cost less.
Is this FIFO calculator free?
Yes! Our FIFO calculator is completely free with unlimited transactions. No registration required. Use it for crypto, stocks, or any assets. Perfect for tax planning and record keeping.
What is the difference between FIFO and LIFO?
FIFO sells the oldest assets first, while LIFO (Last In, First Out) sells the newest assets first. FIFO typically results in higher gains in rising markets since you're selling cheaper old holdings. LIFO results in lower gains by selling expensive recent purchases. Some jurisdictions only allow FIFO.
Can I use FIFO for cryptocurrency?
Yes! FIFO is one of the most common accounting methods for cryptocurrency. Many countries require or default to FIFO for crypto taxes. It's straightforward to implement and accepted by tax authorities. Track each purchase and the calculator handles the rest.
Does FIFO work across multiple wallets?
That depends on your jurisdiction and preference. Universal FIFO treats all holdings of the same asset as one pool regardless of wallet. Per-wallet FIFO tracks each wallet separately. Most investors use universal FIFO for simplicity, but check your local tax rules.
How does FIFO affect my taxes?
FIFO determines which purchase price (cost basis) is used when calculating gains. In rising markets, FIFO typically results in higher taxable gains because you're selling older, cheaper holdings. In falling markets, FIFO may result in larger losses. The method you choose can significantly impact your tax bill.
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