🚨 New IRS Rules Alert FIFO Method Explained for Crypto Taxes Step by Step Guide!

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The IRS has introduced new FIFO (First-In, First-Out) regulations that significantly impact how crypto traders calculate gains.

These rules require trades to be reported on a by-account basis, eliminating the flexibility to pick which coins to sell.

📍 This video covers:
1️⃣ An overview of the new FIFO method
2️⃣ Step-by-step instructions for creating an Inventory Snapshot
3️⃣ Tips for staying compliant

📍 These changes are essential for all crypto traders and investors. Ensure your records are accurate and compliant before the December 31st deadline.

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📚 https://www.cryptotaxaudit.com/blog/safe-harbor-plan-overview-step-by-step-guide-to-inventory-snapshot

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Disclaimer: This video is for informational purposes only and is not financial or tax advice. Please consult with a professional financial or tax advisor before making any decisions based on the content of this video.

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