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et -L ti wa riz Question 7 of 15. Amina purchased and traded for various parts of crypto coins throughout 2021 and 2022. She has
et -L ti wa riz Question 7 of 15. Amina purchased and traded for various parts of crypto coins throughout 2021 and 2022. She has decided to sell some of her holdings to pay for a home renovation. How can Amina decide which.coins to sell first for tax purposes? O All crypto holdings are sold on a last-in, first-out (LIFO) basis. Amina must sell the newest coins first. All crypto holdings are sold on a first-in, first-out (FIFO) basis. Amina must sell the oldest coins first. Amina can choose to sell on a first-in, first-out (FIFO) basis or specific identification, as long as she knows the date and time obtained, basis and fair market value (FMV) of each unit at the time she obtained them, date and time disposed of, and FMV and basis when disposed of. O Amina can choose to sell on a last-in, first-out (LIFO) basis or specific identification, as long as she knows the date and time obtained, basis and fair market value (FMV) of each unit at the time she obtained them, date and time disposed of, and FMV and basis w
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