**IRS Gives Good News to CeFi Crypto Holders! 🎉**

- Good news from the IRS for crypto holders who use CeFi brokers. Starting in 2025, there is a new rule that will make you dizzy, but don't worry, there is a temporary solution!

- This rule requires CeFi brokers to report crypto transactions and apply certain accounting methods. If you are confused about choosing a method, the broker will automatically use FIFO, which can increase taxes in a bull market.

- Fortunately, the IRS has given relief! You can use your own records or crypto tax software to determine which assets are sold. So, it's more flexible!

- Starting in 2026, don't forget to choose an accounting method so you don't get hit with automatic FIFO. Let's get ready now!

Comment, what do you think about this new rule? 🤔