Accounting Today published a piece on March 23, 2026 examining the 1099-DA reporting challenges CPAs and their clients are navigating in its first active tax season. Patrick Camuso, CPA was […]
Quick answer (read this first): The short answer: It depends entirely on how your prediction market activity is characterized, and the rules differ so significantly across frameworks. Why prediction market […]
Quick answer (read this first) The formula for how to calculate cost basis for crypto: Cost basis = purchase price + capitalized transaction fees, assigned to a specific tax lot […]
Quick answer (read this first) Permitted crypto cost basis methods: FIFO (first-in, first-out) and specific identification. Both are applied at the wallet or account level under the current framework, which […]
I’m pleased to share that my co-authored article with Sulolit Mukherjee has been published in Tax Notes Federal: “Digital Asset Taxation in the United States: A Policy Analysis.” For those […]
Quick Answer: Read This First What this is: A practitioner analysis of how autonomous AI agents generate taxable events at a scale that existing tax reporting and substantiation systems were […]
Quick Answer (Read This First): The moment: Form 1099-DA issued its first reporting forms in early 2026, covering 2025 digital asset transactions. The IRS can now match independently sourced broker […]
Quick answer (read this first): The problem: Polymarket does not issue Form 1099-B, 1099-DA, or W-2G. Traders receive no standardized tax documentation summarizing their activity in order to report Polymarket […]
Quick answer (read this first): What it is: Cost basis is what was paid to acquire a digital asset, including the purchase price, expressed as a tax lot with a […]
Quick answer (read this first): The short answer: It depends and the IRS has not told you which answer applies. What the question actually means: Whether prediction market profits are […]
