Table of Contents
- The Dawn of 1099-DA: What It Means for You
- Crypto-to-Crypto Trades: Not as Simple as it Seems
- Cost Basis Chaos: The Foundation of Accurate Reporting
- Beyond the Bitcoin: DeFi, Staking, and Mining Income
- NFTs and Digital Assets: A Broader Tax Landscape
- Don't Leave Money on the Table: The Power of Losses
- Spending Your Crypto: A Taxable Event You Can't Ignore
- Frequently Asked Questions (FAQ)
As the cryptocurrency landscape continues its rapid evolution, so too do the tax regulations surrounding it. The IRS is sharpening its focus on digital assets, and 2025 is shaping up to be a pivotal year for investors to ensure they are on the right side of compliance. With new reporting requirements and a more sophisticated approach to tracking, understanding and avoiding common tax pitfalls is more important than ever. This guide will walk you through the top seven crypto tax mistakes to steer clear of in 2025, helping you navigate your tax obligations with confidence and clarity.
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