I’ve read through the FAQ’s about taxes but am still a bit unclear about the folllowing:
2 Questions regarding taxes:
1) The best recommended tax disposable methods (FIFO vs LIFO vs HIFO) if you’re a HODLER VS a leveraged trader VS MIXED
HODLER: Which is a smarter method that will save you more in taxes? FIFO vs LIFO vs HIFO
LEVERAGED TRADER: Which is a better method that will save you more in taxes? FIFO vs LIFO vs HIFO
if you’re holding 80% of your assets long term but leverage trading the 20% of your asset) Which is a better method if this is the case? FIFO vs LIFO vs HIFO
2) Tax method: Single vs Multiple depot
What are the advantages and disadvantages for these two?
And If you’re a HODLER VS a leveraged trader VS MIXED, which method is better or which one is more recommended to save more on taxes?
Thanks in advance everyone.