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Re:IRS will look into setting up a free e-filing system by SilasX on Wednesday September 07, 2022 @03:38PM (#32755612)
Still true for cryptocurrency, and still true that you have latitude over whether to do it as FIFO vs LIFO vs specific lots.

Edit: To pre-empt some replies: yes, centralized exchanges will report sales but they won't always know your cost basis, and a lot of the trades will happen on-chain, which definitely isn't automatically reported.

To be clear, I support the IRS doing as much as the filing as possible, and I agree these issues aren't dealbreakers, but please don't make the situation look different than it really is.

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