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Understanding the differences between specific and global allocation
・6 min read・Crypto

Understanding the differences between specific and global allocation

As 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. While this transition will help align your records with those of the exchanges, it requires a decision on how to allocate any unused tax basis from pre-2025 holdings among your current holdings. Taxpayers can choos

Thomas Sweeney

・7 min read・Crypto

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・7 min read・Crypto

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・7 min read・Bitcoin

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・6 min read・Bitcoin

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・7 min read・Crypto

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・6 min read・Crypto

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・7 min read・Crypto

Spot trading in crypto: A guide to immediate transactions

・6 min read・Cybersecurity

The safest ways to store Bitcoin and other altcoins

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