🚀 Crypto enthusiasts, rejoice! The IRS has hit the pause button on its FIFO accounting rule for centralized exchanges until Dec. 31, 2025. This means you won't be forced to sell your oldest crypto first, potentially saving you from a tax-induced headache. 😅
Experts warn that FIFO could have been a nightmare during a bull market, unintentionally maximizing your capital gains. But fear not, you now have time to choose your preferred method and keep your records in check.
Join the conversation: How do you plan to manage your crypto gains? Share your thoughts below!