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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesConfused about crypto taxation? Our guide simplifies IRS rules on Bitcoin and other cryptocurrencies, covering tax rates, capital gains, and income tax. Hi, Im playing catch-up with my crypto taxes and have a couple of questions, Im hoping someone can answer: From which period do the crypto tax rules apply? The law explicitly requires application of the FIFO method for the sale of foreign currency amounts only. As cryptocurrencies are, by their nature, quite.