IRS

With an IRS brokerage reporting mandate for digital asset transactions starting in 2025, investors must prioritize meticulous record-keeping for crypto taxes. The IRS treats cryptocurrency as property, triggering capital gains or losses upon sale. Staking and DeFi further complicate matters. Tax-loss harvesting opportunities exist amidst market volatility. Many accountants lack sufficient crypto tax expertise, emphasizing the need for specialized advisors to ensure accurate reporting and optimize after-tax returns in this evolving regulatory landscape.