Crypto Cost Basis: What It Is, How It Works, and Why It Breaks Down
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 […]
Master crypto bookkeeping, transaction tagging, and reporting best practices for Web3 founders and high-volume traders.
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 problem: Exchange records are unavailable due to platform shutdown, lost credentials, incomplete exports, or years of unreconciled self-custody. Crypto cost basis is undocumented and […]
Quick answer (read this first): What it is: Crypto cost basis reconstruction is the process of rebuilding your digital asset transaction history at the tax-lot level by establishing what you […]
This article is written for three overlapping audiences who are now being pulled into the same global crypto tax reporting system. Investors holding, trading, staking, or deploying crypto across borders […]
For many digital-asset investors, the prevailing assumption is simple: “I filed every year. I’m done and compliant.” The risk introduced by Form 1099-DA is a structural change in how crypto […]
Form 1099-DA introduces standardized, third-party reporting for digital-asset dispositions at scale. That reporting gives the IRS a reliable anchor point for automated matching and discrepancy analysis across tax years, accounts […]
What This Form Means (and What It Doesn’t) Receiving Form 1099-DA is not, by itself, an allegation, an audit notice, or a determination that your digital-asset tax reporting is incorrect. […]
The First Wave of 1099-DA Enforcement Will Operate Through Information-Return Matching For most digital-asset investors, enforcement under Form 1099-DA will not begin with an audit notice, an agent visit, or […]
Form 1099-DA is not a convenience tool, it is a visibility mechanism. Its primary purpose is not to calculate your crypto tax with precision. Its purpose is to standardize broker-reported […]
The Regulated Frontier of Global Finance For more than a decade, digital assets operated on the financial frontier at the edge of the financial system. It felt more like the […]