Dec 18, 2024・6 min readUnderstanding the differences between specific and global allocationAs part of the Internal Revenue Service’s (IRS) new requirements outlined in Revenue Procedure 2024-28 (Rev. Proc. 2024-28), all U.S. crypto investors using the Universal cost basis tracking method must transition to the Per-Wallet cost basis tracking method starting January 1, 2025.Thomas Sweeney