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IRS Crypto Crackdown 2025: What Every US Trader Needs to Know!
7 months ago
38
Finance & Crypto
IRSCryptoTaxRules
CryptoTaxes
WalletBasedReporting
FIFO
HIFO
LIFO
CryptoTaxStrategy
CryptocurrencyNews
DigitalAssets
BlockchainCompliance
The IRS has announced major updates to how crypto transactions must be reported, starting January 1, 2025. Learn about the new wallet-based reporting requirements, the Safe Harbor provision to avoid penalties, and how methods like FIFO, HIFO, and LIFO can help manage your taxes. Whether you’re a casual trader or a seasoned investor, staying compliant is crucial. Watch now to ensure your crypto tax strategy is ready for the upcoming changes.
Not financial or tax advice, for entertainment purposes only.
Source: https://koinly.io/blog/irs-revenue-procedure-crypto-depot/
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