Bitcoin Cryptocurrency FIFO Gain Calculator for Taxation
  • Bitcoin Cryptocurrency FIFO Gain Calculator for Taxation
  • Bitcoin Cryptocurrency FIFO Gain Calculator for Taxation
Originally published: 12/05/2018 17:40
Last version published: 08/11/2018 11:39
Publication number: ELQ-93697-4
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Bitcoin Cryptocurrency FIFO Gain Calculator for Taxation

Very easy-to-use handy Excel sheet for calculating the gains in bitcoin and other crypto trading using FIFO method.

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Just put your trading details in columns A:D and it will show FIFO gains. You can also set exchange commission for buy/sale in percentage in cells B1 and B2. Spreadsheet is ready to calculate up to 2000 transaction, which can be easily extended further by dragging the formulas (rows) as per your requirement.

You will just have to fill 4 fields i.e. Transaction Type (buy/sale) , Date of Transaction, BTC Quantity and Price in columns A:D. Formulas in columns E:T will set to process this data and you will see Gain/Loss after every transaction on FIFO basis in column S. Besides this, spreadsheet will also show you other important data e.g. Cumulative Cost of BTC Purchased, Cumulative Earning from Sale of BTC, Total BTC Purchased, Total BTC Sold, BTC in Hand after every transaction.

Columns N:Q contains formulas for calculating costs of coins sold in split/parts. These formulas are complex and doing the calculation on FIFO method. These contains intermediate results. You may show/hide them as per your preference.

I have spent several hours in implementing this complex FIFO based calculation into a very easy-to-use format.

As per the suggestion from a valuable customer, I have made provision for users to set buy/sale commission in percentage in the latest version-3.

Version-4 is extended to calculate gains for 5 coins (BTC, BCH, ETH, LTC and XRP) and summary of these gains are shown in "Summary" sheet. In similar way user can add more sheets for other cryptocurrencies.

Please let me know if you have any question or suggestion to improve this template. If you want further customization, I will be happy to make changes as per you requirement for a reasonable fee.

This business tool includes
1 Excel spreadsheet

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Further information

Easily calculate gains/loss in bitcoin trading using FIFO method


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