If you are not already compliant then this guide is too little, too late.
🚨IRS Rev. Proc 2024-28 🚨
Are you all aware of this?
https://www.cryptobullseye.zone/blog/don-t-get-tax-rekt-sail-your-crypto-ship-into-irs-safe-harbor
Andreas Antonopoulos just provided some helpful information for his Patreon supporters. Action must be taken before 12/31. So, we have 2 weeks to comply.
If you’re just a #bitcoin hodler and not using metamask or doing degen things like staking or holding fringe assets, it is less complicated. But, still, steps need to be taken for Safe Harbor.
If you do nothing, or ignore this, it will be a major tax issue beginning 01/01/2025 and beyond.
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please repost or otherwise boost this issue for visibility. It effects all US residents.
Discussion
That’s a really discouraging and unhelpful thing to tell people.
There are still two weeks left to get Safe Harbor, and the steps are easy to accomplish if you have followed best practices with record keeping and storage.