Overview of Rev. Proc. 2024-28: What Digital Asset Users Need to Know

Binary code abstract background with US $100 dollar banknotes. Can illustrate the concept of digital money transfer, global finance, e-commerce, financial security, digital currency, etc.

At a Glance Schedule a consultation The Full Story The IRS has issued critical guidance on Rev. Proc. 2024-28 for taxpayers that addresses the shift from prior practices—such as applying first-in-first-out (FIFO) universally or using multi-wallet approaches—to the updated rules requiring basis methods to be applied at a more granular level via wallet or account.…

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