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The IRS now mandates that crypto gains must be calculated using the FIFO (First In, First Out) method, specifically by account. This means you have to sell coins from the same wallet they're stored in, not mixing wallets. Most services use a universal approach, but only a few adapt to this wallet-specific rule. Stay compliantβunderstand which method your service supports!
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BIG NEWS!! IRS Shakes Up Crypto Tax Rules! FIFO By Account ONLY π¨π For Country: United States. City: Cambridge, El Paso, Fairfield, Tampa, Ventura
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