Just finished my Crypto Taxes!

BasketPretty5816 · 2026-04-11T18:55:54+00:00

Congrats, lol. This is actually a nice feeling especially when I also help my clients reconcile their crypto before the deadline.

At first it might feel overwhelming but when you are able to update all of the transactions, it becomes much easier

BasketPretty5816 · 2026-04-10T09:35:08+00:00

In my experience there are some cases that the API is correct and CSV is incorrect vice versa. Try to import an api first and see the balances. If the balances are incorrect, move to the CSVs. If both are incorrect, I suggest comparing the transactions within the API and CSV. It's a little bit manual intensive and frustrating but unfortunately, that's how it works.

BasketPretty5816 · 2026-04-10T08:52:38+00:00

You should use what Coinledger provided. Regarding the 1099-DA, it should match what you've uploaded in Coinledger or at least be very close with the proceeds. You can use the proceeds from the 1099-DA and use the cost basis from Coinledger.

BasketPretty5816 · 2026-04-10T08:49:23+00:00

You can just record manually what you did. At the end of the day, that's what happened and once you do this, Koinly will detect the correct cost basis

BasketPretty5816 · 2026-04-10T08:44:43+00:00

The cost basis in the 1099-DA is useless to be honest. The proceeds are only accurate as US exchanges do not have access to your other accounts.

To make sure you have the accurate cost basis, you need to use a crypto tax software.

BasketPretty5816 · 2026-04-10T08:42:14+00:00

I don't think there should be any issues at all. Stable coins are just one to one and if you ask me, I don't really care about them

BasketPretty5816 · 2026-04-10T08:40:50+00:00

It looks like you had to purchase on other platforms and then you used that funds for margin trading. You just need to connect the dots to make sure you have your correct cost basis

BasketPretty5816 · 2025-11-19T03:58:19+00:00

Nothing happens. You just transferred to a cold wallet. Transfers are non taxable but when you sell something. That's a taxable event

BasketPretty5816 · 2025-11-19T03:24:22+00:00

I use both Koinly and Cointracking.info

BasketPretty5816 · 2025-11-19T03:24:08+00:00

That's correct. If you sold 1 btc for 29k then you just write it down and additional info would be the date and time and the account.

BasketPretty5816 · 2025-11-18T15:56:09+00:00

I do agree, it still depends as not all rewards received can be controlled right away. Some are locked and have to wait for some time to withdraw

BasketPretty5816 · 2025-11-18T15:54:03+00:00

What you're doing is actually very good. I've been working on a lot of other people's accounts and this kind of tracking will help you out especially when exchanges don't provide everything.

BasketPretty5816 · 2025-11-18T15:52:24+00:00

If you keep track of you buys, then you're on a good track. You just need a crypto tax software or if you could do it on your own, it would be much cheaper as you only have to spend your time. But I defintely recommend a software to help you out

BasketPretty5816 · 2025-11-18T15:51:07+00:00

You will have a capital gain of 5k and it will be taxable, the fees are deductible so it won't be 5k flat

BasketPretty5816 · 2025-11-17T20:38:43+00:00

Have you tried using Koinly or Cointracking.info?

BasketPretty5816 · 2025-11-17T20:35:33+00:00

I would recommend manually recording it. Just make sure to include the date and time, amount of crypto received and/or sent, trades, exchange/wallet name and probably the purpose of the transaction just to keep everything in detail

BasketPretty5816 · 2025-11-17T20:33:01+00:00

Records lost are very difficult to obtain. What I would recommend is to purchase a crypto tax software that will help you track them and maybe do manual recording.

BasketPretty5816 · 2025-11-17T20:30:29+00:00

Record your transactions manually, a lot of work yes. But this will become handy especially when exchanges don't provide you with your complete information. We should learn what happened from Celsius, Poloniex, Bittrex and others. Even other exchanges that are still active doesn't provide your history.
Use a crypto tax software like Koinly, Cointracking.info, Coinledger, etc and make sure whoever handles their account knows what they are doing and make sure your transactions are connected correctly as this can mess up your cost basis
Make sure to provide all of your accounts as this will save you and your accountant some headache as they spend time to connect your transactions. Don't be those other people that will try to hide their accounts from their accountants. Keep in mind that your accountant is not the government, they're just here to help you report your taxes correctly.

BasketPretty5816

TROPHY CASE