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: ye

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.