Quick Read

• FinCEN withdrew two crypto privacy rules on October 6, 2026, but IRS tax obligations through Form 1099-DA remain fully unchanged.

• Without purchase records, a $39,083 Bitcoin loss flips into an $18,840 tax bill. The coin and the sale are identical; only the receipt differs.

• Bitcoin is down 31% and Ethereum 42% over the past year, and crypto’s wash-sale exemption makes both prime candidates for tax-loss harvesting.

• Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)

If you keep Bitcoin (CRYPTO:BTC) on a hardware wallet instead of an exchange, Washington just stopped trying to make your exchange report who you deal with. On October 6, 2026,…