IRS Crypto Crackdown 2025: What Every US Trader Needs to Know!

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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