Cost Basis
FIFO vs HIFO vs Spec ID for Crypto Taxes
Compare FIFO, Specific Identification (e.g. HIFO) for crypto taxes with real calculations. Find the method that saves you the most.
Garrett Taylor 12 min read
Reviewed by a Former Big 4 CPA
Crypto Taxes, Made Clear.
Crypto tax insights and concepts made easy to understand and reviewed by a Former Big 4 CPA. All blog posts are for educational purposes only and do not constitute tax advice.
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8 Topic Areas
CPA Reviewed
Tax Forms
How to Reconcile Form 1099-DA With Your Crypto Records (2026)
Got a 1099-DA from your exchange? Learn how to read it, fix the wrong or missing cost basis it often shows, and reconcile it with Form 8949 for 2026.
Garrett Taylor 11 min read
IRS
How Is Crypto Taxed in the US? (2026 Guide)
Learn how crypto is taxed in the US for 2026. IRS rules for capital gains, income tax, 1099-DA, and what triggers a taxable event.
Garrett Taylor 10 min read
Tax Forms
How to File Crypto Taxes: Form 8949 & Schedule D
Step-by-step: report crypto on Form 8949 and Schedule D for 2026. Real examples, the mistakes the IRS flags, and when a crypto CPA should file it.
Garrett Taylor 12 min read
IRS
IRS Letters 6173, 6174, 6174-A: What to Do
Got an IRS crypto letter? Learn the difference between Letters 6173, 6174, and 6174-A, and exactly how to respond in 2026.
Garrett Taylor 10 min read
IRS
Lost or Stolen Crypto: Are Losses Deductible in 2026?
Most theft losses are not deductible under TCJA, but abandonment and Ponzi rules leave real options. See what qualifies and how to document it.
Garrett Taylor 10 min read
DeFi
NFT & DeFi Taxes: Liquidity Pools, Staking, Lending
Liquidity pools, staking, lending, and NFTs each have tax traps, including the 28% collectible rate. See what is taxable and get expert help filing.
Garrett Taylor 11 min read
IRS
Per-Wallet Crypto Cost Tracking: Rev Proc 2024-28
Rev. Proc. 2024-28 requires per-wallet crypto cost basis tracking. Learn the new rules, safe harbor deadline, and how to comply.
Garrett Taylor 10 min read
IRS
Taxable vs Non-Taxable Crypto Events: 2026 Cheat Sheet
Which crypto transactions trigger taxes in 2026? A clear cheat sheet of taxable vs non-taxable events, with real examples for each.
Garrett Taylor 10 min read
Tax Insights
Best AI Crypto Trading Bots in 2026: 10 Tools Tested and Compared
Compare the 10 best AI crypto trading bots for 2026 by pricing, strategy, testing, security, risk controls, and the tax records each bot creates.
Matt Liong 21 min read