Average Cost Basis Tax Reporting Method for USA - Please Add

This will consolidate several small purchases into an average making it easy to “pull out” your total cost basis so that you do not incur a taxable event. Otherwise you have to meticulously account for all the individual purchases in a LIFO, FIFO, or HIFO to be able to pull out exactly your costs basis from among all your purchases.

Hey! Thanks for the feedback! In ACCOINTING.com, we work based on a voting mechanism: the more upvotes your feature requests has, the faster it moves in our development pipeline. Hopefully, you’ll get enough upvotes from this community to have it implemented.

Also, you may be interested in watching AMA that went live on May 6.

Consider timestamps 34:00