Replying to Avatar Fartface2000

Since I did all the work already and did the 2025 safe harbor and elected from here on in, Highest in first out, my 2025 plan going forward is this. What’s in cold storage and accounted for will be gifted to my heirs. Going forward, I will continue to accumulate from 1 source, store those sats in one location and use that stack for spending, and since I’m Highest in first out, I should have very little taxable consequences.

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Chris Alaimo 1y ago

The IRS rugged everyone. It was pushed back until 2026.

https://www.nobsbitcoin.com/irs-delays-bitcoin-cost-basis-reporting-rules-until-2026-2/

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Fartface2000 1y ago

Sons of bitches

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