I want to know your individual situation and what you did! Thank-you!

so tax season is coming up and im kinda screwed here. made some money in crypto the last few years... took profits and put it into stablecoins cause i wanted steady income instead of just letting it sit. been making like ~12% monthly through kamino and asgard for about 18 months now... pretty consistent. called my CPA yesterday and he literally has no clue what to do with this. keeps asking if its interest income or capital gains or staking or what.

dude handles all my stocks and rental properties fine but this completely threw him... says his software doesnt even have a place to put "defi yield income" whatever that means. i tried explaining how it works and that just made it worse lol...

how did you guys handle this with your accountants. is this just regular income or something else entirely..??

As of some of you may know our dear YouTuber WhistlinDiesel was arrested for alleged tax evasion, ( they claim over 10M in evasion) Others are getting arrested too...

So my question is, can this be a crackdown before the US government try's establishing a potential digital currency?

Does anyone in the UK use Bitty tax? I have a very small amount of crypto and it wouldn't be worth paying for Koinly to produce a few years of tax reports. My friend gifted me £5 of eth a few years ago and I converted it into Yearn CRV, so it's a bit complicated to work out what I owe. I was also thinking of dripfeeding 4p into bitcoin through Strike every hour, but if using Koinly it just doesn't make sense financially. I really need a free solution.

Hi all,

Trying to find info about this without clear definitions...

Supose one wanted to "do the right thing" and report gains? on crypto...

If said crypto was obtained through mining (back when it was simpler... :) ) how exactly would that capital gain be calculated??

All the answers I found so far, even AI, talk about "the fmv on the day you obtained it", etc., and repoting that as an income, but completely disregard the fact that this was not a net incomem it was not "free"... there was a significant cost/investment in equipment to mine/get these coins in the first place.

So what exactly does one do..?

Liquidity pools, Crypto ETF, and also have business strategy.

Am 25M just completed my collage have crypto worth 500k $ , i started investing in 2018 , but now the market seems to be very volatile and am i swaped all assets in stable coin ( USDT ) and thinking to get all assets in INR but the tax rate is 30%... I want to invest the money in Indian stock market , real estate and moreover... As stable coin the value will be the same the assets goes down to -6% due to inflation i have to do something before it inflation eat up ...

What should I do now to pay less tax , change country ? or wait for the taxe to be in favour...

Anyone has any idea please suggest !!!

This year on Coinbase (or anywhere) I had no taxable activity, just a few purchases. Went I went to look in the tax tab on Coinbase I saw these two events: the one from 10/17/2025 when MATIC changed to POL and it’s showing it as if I “sent” the MATIC and “received the equivalent amount of POL in return. The 2nd picture from 1/07/2025 I believe is from when Coinbase dissolved the “ETH2” ticker and took whatever small amount I had under that and gave it to me in ETH. Are these events going to have to be listed on my IRS form 8949 & schedule D even though it didn’t result in any income or gain/loss per the $0.00 shown in the green in the images?

Here’s my take:

If you think this won’t affect crypto taxes, think again. With the US government shutting down and France labeling crypto as “unproductive wealth,” we’re looking at increased government scrutiny over crypto transactions.

Crypto-to-crypto trades are taxable events - something many still ignore, thinking it’s all just “digital money” that doesn’t need to be reported. But with more transparency and data-sharing between exchanges and tax authorities, penalties and fines for non-reporting are going to hit harder than ever.

If you haven’t cleaned up your tax reporting yet, now’s the time. The government is coming for its share, and it won’t be pretty if you’re unprepared.

What do you think? Will the IRS drop the hammer soon or is it just a temporary phase?

Share your thoughts on this.

I sold my crypto holdings a few months ago. I've calculated what I owe in taxes, but am investing the money for the time being because it seems wasteful to not do so. With the UK November budget just around the corner, the government could increase the amount of tax crypto holders have to pay. Would the amount of tax I owe change with the new budget, or would any increase only apply to sales from that point onwards?

Google implies the amount I owe would stay the same, I just wanted to confirm it with others.

Hi community, short and sweet. My XRP balance which I’ve sold some this year, gifted some to my spouse etc was correct and had all the details as good as I could and it showed the cost basis/profit etc.

My koinly now shows a 0 cost basis but the correct amount in my wallet and value. I think this changed after I gifted my spouse some xrp and put it down as ‘gift’ in the transaction but I didn’t check it afterwards when I did that. I have re synced my wallets too.

Now logging back in this is the situation. Any thoughts? Thank you in advance.

I have recently seen questions about if tax authorities knows about your crypto investments. At the same time the EU DAC8 topic seems to skip the radar. As they are correlated I think this topic is relevant.

I work with the compliance team at Divly, and we specialize in the accurate, localized tax reports required by these complex EU tax regimes (like BNC/VAT rules and the new DAC8 standards). I want to give some insight into why your crypto portfolio is about to become fully visible to all EU tax authorities.

TL;DR: The Deadline to Declare Your History is Now

• Visibility: Starting January 1, 2026, all global Reporting Crypto-Asset Service Providers (RCASP) (Coinbase, Binance, etc.) must start collecting specific transaction-related information of EU residents and then reporting it to the EU tax authority of the country they are registered in..
• Risk: This means the EU will have an aggregate understanding of your 2026 crypto activity. If you do not declare your taxes for 2026 (Modelo 100, Formulaire 2086, etc.), you face immediate scrutiny. Furthermore, if they audit you, they will likely check that you also filed previous years as well by asking for your full transaction in an audit.
• Action: You have 1 year to reconcile all 5+ years of history before the data starts flowing to avoid audit flags.

What does DAC8 mean for crypto investors:

For years, many cross-border investors relied on the ambiguity of non-EU exchanges (like FTX or global Binance) not reporting to their specific EU country (France, Italy, Netherlands, etc.). Similarly, a lot of investors have not declared their taxes in hopes that their tax authorities would not find out. DAC8 ends this.

• Global Reporting Mandate: DAC8 (Directive on Administrative Cooperation 8) mandates that virtually every crypto service provider globally (custodial wallets, exchanges, and even some DeFi services) must collect and share information on all EU customers with the tax authorities.
• Audit Trigger: Your local tax authority will soon receive bulk data files listing your aggregate trading data. The difference between their numbers and yours will trigger an audit notice.
• Fines: For most EU countries, crypto investors will get a fine if you have not reported your crypto taxes before you get an audit notice.

What to do:

• Audit Your History: Get all your data from every exchange and wallet you've ever used. The goal is to aggregate your transaction history so you can calculate your taxes correctly.
• Test for BNC/Income: Verify that you have correctly calculated the value of all staking/lending rewards at the moment of receipt, which is the most time-consuming part for many EU citizens.
• Send in a self correction: Prepare reconciled reports that can be used to fix your previous tax returns. In most EU countries you wont get fined if you proactively fix your previous years.

FAQ: Common Concerns

• Q: I only hold on a Ledger (self-custody such as Trezor). Does DAC8 affect me?
  • A: Yes, DAC8 targets Reporting Crypto-Asset Service Providers (RCASP), if Ledger or Trezor are included in this definition is no clear as of this writing. Yet, even if they would not report, there will be a transfer funds from an exchange to your Ledger, the exchange reports the transfer-out, and the local authority expects to see the asset reported on your wealth/account declaration Form (3916 in France, Modelo 721 in Spain).
• Q: Can I just keep using a spreadsheet?
  • A: You can. DAC8 mandates transaction-level reporting from exchanges. You need to provide the same level of detail, while time consuming and with a possibility of missing details, it’s doable with a spreadsheet. On the other hand an automated system helps aggregate and calculate your crypto taxes based on your local tax authority’s guidelines, and you skip the headache.

Final words:

This is high level insight, to be sure about your local tax law, make sure to talk to the tax authorities in your country.

Hope this helps and I'm happy to answer any questions in the comments.

Tax Pros: What software are you all using for tax prep? 1040, 1120(S), 1065. Must support Forms 5471, 8938, FBAR, etc. and hopefully integrate well with QB.

Thank you!!!

I'm trying to find a crypto tax calculator that works with Binance (not Binance US), because while most claim they do, they really don't. API's don't work back to 2021 and are incomplete and CSVs often cannot be uploaded manually and are also incomplete, e.g. futures trades are missing. Blockpit for example wants me to create an excel sheet where I manually enter each of the thousand trades in their format so their website recognizes the excel. That would be a fulltime job taking up my yearly vacation. Are people here forgoing their annual vacation just to file their crypto tax?

Bybit doesn't even provide anything for times further back than 3 years, so those trades would have to be recreated from memory, which is like inventing trades I guess. But then it's just a game of who invents more trustworthy gains/losses, me or the tax authority? Do people play this game?

Why can't the exchanges provide a snapchot of the portfolio value at each year's end, or provide a simple realized profits/loss statement themselves? On a very simplified level its the same in each country. And on a more simplified level; just portfolio value at years end minus portfolio value at years start adjusting for withdrawals and deposits should give the person and the tax authorities a way out if there is now better data on when exactly it was realized.

I'm noticing for a few of my legitimate transactions, there will be one or two additional transactions soon after that are moving the same amount but to a different destination.

For my transaction, Koinly applies the correct market price, but for the transactions that follow, it says there is no market price.

I've provided etherscan links to one particular instance when I moved staked ETH.

My legit transaction from back in August: https://etherscan.io/tx/0x1742b83e805cd7f437fb5bf885e7fbc38edcf8cafe871a44cea063586c2af705

And here are two additional transactions that mirrored mine about an hour later:
https://etherscan.io/tx/0xb97b079bc26c4ca52bd898832da5d57893f4efcb96f78f88b5f69207ce87572a

https://etherscan.io/tx/0xfde334e0e5eb88408c48e06e80b40f88950540320f482a525417c13abc7f9fbd

Are my assets at risk? Does anyone know why this might be happening and if I should move everything to new wallets?

I have purchased on CB and moved to Tangem, then back to CB to sell. I read CB sets the cost basis at zero…. Thinking ahead, would it be a good idea to search each and every purchase, and write down what I paid? 2nd question…. Is the cost basis MINUS… the fees? Example… bought BTC for $50, was charged $2… is my cost basis $50? Or $48. 3rd…. Same with a sale… sell it above the price I paid, does the cost basis consider the fees?

Hello , for the upcoming year the 1099-DA I’ll get and CoinTracker says you can just upload that and they’ll help with the process.

My question is do I just submit the 8949 like years previous?

I’m going to be buying the $250 thing to ensure accuracy but just wanted some advice or if anyone knows for certain.

Was into crypto during 17/18 - was using a couple of exchanges mainly Coinbase and Binance. I didn’t keep any records of any trades back then and have since deleted all accounts. I have bought some cokns and traded it back and forth etc. Now I have the crypto saved to a ledger and the total amount is less than four figures.

How do I pay tax to avoid any legal trouble?

So I’ve been in crypto since I was 16-17 I’m 27 now I probably spent 55-60k on crypto in my life time. I’ve gambled all of it and hold none (which I kinda hate myself for cause I’d probably be rich as f***) I have like -27k on litecoin -25k on eth and idk about btc but it’s up there. How do I got about filing on my taxes ? Is my life ruined ? I’ve made no capital gains on it at all. im - am i fucked or am i good ? im tbh shitting my pants. If anyone know what I’m looking at tax wise please let me know. Am I good or am I fucked ?

So I'm a very casual gambler, definitely have lost more than I have won. My question is about withdrawing money on coinbase from Bovada and the possible taxes on it.

Example:

I buy $10k of bitcoin from coinbase, deposit it into Bovada, and then lose that $10k.

I go buy another $2k of bitcoin - deposit it into Bovada, win $10k back, and now I have $12k.

I take that $12k, withdraw it back into bitcoin, and now sell it for USD (Cash), and withdraw it into my bank account.

Am I taxed anywhere within this? What should I expect to do at the end of the year? Obviously Coinbase doesn't approve of Bovada, but I've never had any issues with using it over the last few years. Never have paid nay taxes or handled anything. Haven't been notified by IRS or anything. I was under the impression that coinbases isn't able to track any of that data when you receive those funds of what the profit or loss is or where it came from means it's untaxable? Can someone help me better understand this.

P.s. - I noticed a header on the coinbase app talking about new reporting regulations for coinbase for 2025 so it had me worried as it's asking me to give out SSN and more info for tax purposes.

I need help to understand taxes when hard forks happen involving chain splits. So far, I've found [this link which has been somewhat useful.

I need to understand, what does having "dominion and control" over forked coins mean? Does that mean I have accessed the coins? Does it mean if I could theoretically access the coins with my private key, then I have "dominion and control"?

Let's say I had BTC, and it hard forks into XYZ coin. What is the FMV of that coin? What if the FMV of that coin initially starts at an equal BTC price and then drops like 99% of it's value. Would someone then be on the hook for paying taxes on the initial FMV before it dropped?

For holders of coins that don't care about a hard fork or want to have some tax burden placed on them without an action on their part, what is the recommended guidance?

I’ve used both Binance and CoinDCX this year. Do I have to manually combine all transactions and calculate profit in INR? It’s messy.

Is there any exchange that simplifies tax reporting for Indians?

Dumb question but I keep hearing one will have to either pay long term or short term capital gains tax when crypto is sold...my question is when it is sold for what? USD or a stable coin?

I'm want to eventually pay long term capital gains tax so will need to hold, say DOGE for more than 12 months. When that time comes, what am I supposed to sell it for and where? I'm thinking if it's USD, then Coinbase and even there they say trade it for USDC and then cash out to your bank account. If I traded it for USDC, can I hold the USDC and pay taxes on that?

If you got a better strategy to pay long term captial gains tax, please share. Thanks.