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Government taxation and revenue

How HIFO accounting reduces IRS bill

Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS.The IRS treats cryptocurrencies like property, meaning that anytime you spend, exchange, or sell your tokens, you're logging a taxable event. There's always a…
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