🚨 Crypto Tax Nightmare: Don’t Make This Costly Mistake! 🚨

🚨 Crypto Tax Nightmare: Learn about Form 1099-DA! 🚨
It’s tax season, and crypto investors are in for a shock! Did you know that even if you never received a 1099 form, you still have to report your crypto transactions? Learn about Form 1099-DA in this video to stay compliant with the IRS. Don't let tax season catch you off guard! The IRS is cracking down on crypto holders in 2025, and failing to report correctly could cost you BIG in penalties.
In this video, I’ll break down:
✅ The new IRS crypto tax rules for 2025 🚨
✅ What transactions are taxable (and which aren’t) 💰
✅ The different accounting methods (FIFO, LIFO, HIFO) 📊
✅ How to track your crypto transactions like a pro ✅
💡 KEY TIP: Even if you’re using DeFi or self-custody, you might not be off the IRS radar! Watch to the end for key insights.
📌 Timestamps:
00:00 Introduction: Crypto Tax Nightmare 2025
00:55 When are you taxed on crypto?
01:45 Upcoming Changes for New IRS Crypto Tax Rules in 2025
02:39 IRS New Publication on Crypto Assets TD-1002
03:11 Broker Reporting Requirements
04:02 Expansion of the Broker Definition
04:22 Form 1099-DA for Crypto Transactions
04:41 Cost Basis Reporting
05:33 Stricter IRS Oversight
06:25 Challenges of Reporting Crypto Transactions
10:26 Methods of Calculating and Reporting Capital Gains
11:43 Crypto Tax Software
12:38 – Final Thoughts & Tax Compliance Tips

⚠️ Don’t risk an audit! Watch until the end to avoid costly mistakes.
💬 What’s your biggest concern about crypto taxes? Drop a comment below!