I tracked crypto basis in one big pool across wallets — what is the Rev Proc 2024-28 fix?
For years I tracked the LLC's crypto cost basis 'universally' — one spreadsheet pool across three self-custody wallets and two exchange accounts. Now I am reading that broker basis reporting is account-based and that the IRS gave a transition procedure for people like me.
What did Rev Proc 2024-28 actually allow, and what should my records look like going forward so the numbers tie out to 1099-DA statements?
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