In a significant move to alleviate the tax burden on cryptocurrency holders using centralized exchanges (CeFi), the IRS has announced a temporary measure for the year 2025. From January 1 to December 31, taxpayers will have the option to utilize personal records or crypto tax software to select specific asset units for tax purposes, diverging from the traditional First-In, First-Out (FIFO) method. This change is particularly beneficial during bull markets,…
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