I've educated myself on the 2025 Safe Harbor rules and now I see where I was confused.
The new regulation is actually _better_ for bitcoin standard bill pay because wallet-by-wallet tracking (and inventory management) means you can use a daily buying/spending wallet (like Strike) with which you set up favorable basis and inventory management. Rather than having your basis pulled from all your wallets.
Well... It's better **post** 2025 and worse during 2025.
> Starting in 2025, the default method of accounting will be first-in-first-out (FIFO) per wallet. Rev Proc 2024-28 mentions that a specific-identification method of accounting (HIFO, LIFO, OPTI etc) can be used post-2025
WTF is all this?
Wait, I can use a different method for each wallet?
I believe so. At least in 2026 and beyond. 25 is confusing to me.
What’s the best way to keep records if in addition to asset pulls from exchange accounts in larger chunks, you’ve got a bunch of transfers across a bunch of different personal signing devices? (No spends or sells, just using a lot of different addresses during consolidation on the same set of signing devices.) What a fucking headache. These sats were purchased with money that’s already been taxed to shit.
...yea... I think just do your best and make to account for all the biggest stuff..? Not sure what else is feasible.
