The IRS has NEW RULES for ALL U.S. BASED CRYPTO INVESTORS and today we talk about WHAT they are and HOW you can do this NOW to avoid MASSIVE ISSUES coming up!
COIN LEDGER BLOG POST ON NEW IRS COMPLIANCE – https://coinledger.io/blog/irs-new-crypto-cost-basis-rules-rev-proc-2024-28
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0:00 – Tax Time and Introductions
1:23 – DO THIS BEFORE 12/31/24
4:38 – It’s a “Per-Wallet” Tracking Change
9:32 – How It’s Being Handled
10:48 – Simple Example
14:10 – How Much Grace Will the IRS Give?
17:45 – Per-Wallet Accounting – WHY IRS?
21:48 – Q&A
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
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