Crypto Tax Lot

Every time you buy crypto, that purchase becomes a tax lot with its own cost basis, acquisition date, and quantity. If you bought 0.5 BTC in January at $30,000 and another 0.5 BTC in June at $60,000, you have two tax lots.

When you later sell, you can choose which lot to sell from — FIFO (first-in-first-out), LIFO (last-in-first-out), or specific-ID. Choosing the right lot matters for tax: selling a long-held lot gets the lower long-term rate, and picking high-basis lots reduces the realized gain.

Why it matters for Milo customers

If you bought Bitcoin in multiple purchases over years, you have multiple tax lots. Milo's crypto-backed products avoid selling any of them — your full tax-lot history stays intact while you access dollar liquidity.

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