🚀 Bitcoin enthusiasts, rejoice! The IRS has rolled out a temporary relief for crypto holders using CeFi brokers in 2025. This move aims to ease the tax burden from the new Section 6045 custodial broker regulations kicking in on January 1, 2025.

📊 Under these rules, CeFi brokers must report transactions and apply specific accounting methods. If no method is chosen, FIFO becomes the default, potentially increasing tax liabilities in a bull market. But fear not! The IRS's Notice 2025-7 allows you to bypass FIFO using your records or crypto tax software.

🗓️ While no immediate action is needed, plan ahead for 2026 when selecting an accounting method becomes crucial. Keep your records tight and stay bullish on Bitcoin!