Help with Tax question

Hi Bitcoin compadres, I’m learning about btc so, please easy on me 🙂 ok, If I buy $500 bucks worth of bitcoin in Feb 2021 then another $500 in July 2021. Then next year 2022, I sell $500 in April 2022, how does the IRS knows I’m selling my 1st $500 bucks (Feb 2021 purchased) instead of the $500 from July 2021? Very important because my 500 from Feb were more then 12 Months and the taxes I will pay on it, will be considered long term gains. I’m looking to hodl for a long time but would like to be informed in case I decide to sell at some point and this scenario presents itself. Thank you in advance.

submitted by /u/RegioLonghorn
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