Tag: how to report crypto gains and losses

Pain Points: The Crypto Tax Reporting Dilemma John, a DeFi investor, faced a $12,000 IRS penalty for misreporting **staking rewards** as capital gains. His case mirrors 37% of crypto tax errors in 2025 (Chainalysis 2025 Report). Step-by-Step Solution 1. Transaction Aggregation: Use **automated tax software** like CoinTracker to consolidate data across wallets. 2. Cost Basis…