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eprbell committed Mar 18, 2024
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Expand Up @@ -58,7 +58,7 @@ Another unique advantage of RP2 is [transparent computation](https://github.com/
* track down every lot fraction and its accounting details, in case of an audit.

RP2 currently supports the following accounting methods:
* US: [FIFO](https://www.investopedia.com/terms/f/fifo.asp), [LIFO](https://www.investopedia.com/terms/f/lifo.asp) and [HIFO](https://www.investopedia.com/terms/f/hifo.asp). Note that these methods use universal application (not per-wallet application), as explained here: https://www.forbes.com/sites/shehanchandrasekera/2020/09/17/what-crypto-taxpayers-need-to-know-about-fifo-lifo-hifo-specific-id/;
* US: [FIFO](https://www.investopedia.com/terms/f/fifo.asp), [LIFO](https://www.investopedia.com/terms/f/lifo.asp) and [HIFO](https://www.investopedia.com/terms/f/hifo.asp). Note that these methods use universal application (not per-wallet application), as explained [here](https://www.forbes.com/sites/shehanchandrasekera/2020/09/17/what-crypto-taxpayers-need-to-know-about-fifo-lifo-hifo-specific-id/);
* Spain: FIFO;
* Japan: Total Average Method.

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