Form 1099-DA is live for crypto exchanges. Understand gross proceeds reporting, 2026 cost basis rules, the $0 basis default, DeFi gaps, and what to do now.
Crypto tax loss harvesting rules for 2026: IRS Form 1099-DA, wash sale risks for tokens classified as securities, and wallet-by-wallet basis traps.
IRS finalizes Form 1099-DA rules requiring brokers to report digital asset gross proceeds starting 2025, with cost basis reporting phased in for 2026.
Relocating to a no-income-tax state can eliminate 10–13% of state tax on crypto capital gains, but only if you actually change residency before you sell. This guide covers domicile versus statutory residency, part-year allocation math, the Washington capital gains trap, Puerto Rico’s Act 60 limits, and the audit file you need to build first.
Crypto tax-loss harvesting lets US investors offset capital gains and deduct up to $3,000 against ordinary income each year under IRC §1211(b), with unlimited carryforward. This 2026 guide covers the statutory framework, the wash sale question under IRC §1091, mandatory wallet-by-wallet basis tracking, and worked numerical examples for 2025 filing and 2026 planning.
Most crypto tax content arrives in March, when your gains are already locked in. This mid-year guide covers five strategies US taxpayers can still execute in 2026 — loss harvesting outside the §1091 wash sale rule, holding-period management, 0%-bracket gain harvesting, appreciated-crypto donations, and income-side planning for miners and stakers — with worked numerical examples and a dated action checklist through January 2027.
The IRS digital asset definition determines how cryptocurrency, tokens, NFTs, and stablecoins are classified and taxed under federal law. Here’s the full 2026 framework.
The IRS digital asset question is a sworn statement. Learn when to check yes, penalty risks, and how 1099-DA changes enforcement in 2025.
The IRS digital asset question on Form 1040 requires careful analysis. Learn when to answer Yes or No using the IRS decision framework for 2026 filing season.
The IRS digital asset question on Form 1040 is mandatory for all filers. Learn when to answer Yes or No, the penalties for false answers, and how to stay compliant for 2025 returns.
Complete 2026 guide to IRS digital asset reporting: Form 1099-DA, wallet-by-wallet basis, DeFi gaps, NFTs, wash sales, and compliance strategies for crypto taxpayers.
The 2025 tax year is the first under IRS digital asset sale and exchange regulations. Here’s what crypto traders, exchanges, and DeFi users need to know about Form 1099-DA and wallet-by-wallet basis rules.
We use cookies to enhance your experience, analyze site traffic, and for marketing purposes. Learn more about how we use cookies
These cookies are necessary for the website to function and cannot be switched off. They are usually set in response to actions you take, such as setting your privacy preferences, logging in, or filling in forms.
These cookies help us understand how visitors interact with our website by collecting and reporting information anonymously.
These cookies may be set through our site by our advertising partners to build a profile of your interests and show you relevant ads on other sites.
You can choose to accept all cookies or only essential cookies. You can also change your preferences at any time by clearing your browser cookies and revisiting our site.
For more information about your privacy rights, please see our Privacy Policy.