IRS-Update: Kryptosteuerregeln werden bis 2026 verlängert

tldr; The IRS has extended crypto tax regulations for exchanges until 2026, allowing them to choose cost-basis methods for calculating gains and losses. This extension provides temporary relief as many centralized finance (CeFi) brokers were unprepared to support alternative accounting methods, which could lead to higher tax liabilities. The new guidance allows taxpayers to use their own records or tax software to identify specific units sold or transferred. The final regulations require brokers to use the First-In, First-Out method unless alternatives are elected.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Wait, so now we don’t have to do shit?