The IRS doesn't care that your exchange is overseas, that you swapped tokens instead of selling them, or that your 1099-K from eBay shows gross sales and not profit. Every transaction is a potential taxable event — and the burden of proof is on you. We build the records that prove what you actually owe.
In 2014, the IRS issued Notice 2014-21: cryptocurrency is property, not currency. Every disposal — sale, trade, swap, gift above basis, or use to purchase goods or services — triggers a gain or loss. The gain is the difference between your proceeds and your cost basis. Your cost basis is what you paid plus fees. If you don't know your cost basis, the IRS defaults to $0 — meaning 100% of the sale is gain. This is the single most common and expensive mistake in crypto taxation.
Here's what the 1099-K does: it tells the IRS your gross sales. It says nothing about what you paid. If you sold $20,000 of Pokémon cards that cost you $17,000 to acquire, your taxable gain is $3,000 — but the IRS gets a form showing $20,000. Without documented cost basis, you're on the hook for the whole thing. We build the cost basis documentation that turns a $20,000 tax problem into a $3,000 one — and for active resellers, that difference can be tens of thousands of dollars annually.
Crypto held under 12 months: taxed as ordinary income (up to 37% federal). Held over 12 months: long-term rates (0%, 15%, or 20%). Strategic timing of sales can save thousands annually — we help you plan before you sell.
Complete capital gains reporting for spot trades, staking rewards, airdrops, hard forks, and crypto-to-crypto swaps across all major exchanges.
Liquidity provision, yield farming, protocol rewards, and governance token income — each treated differently. We know the nuances of DeFi taxation.
NFT sales, royalties, and creator income. NFTs may be subject to collectibles rates (28%) or ordinary income depending on how they were acquired and sold.
1099-K reconciliation, cost basis tracking by card, hobby vs. business classification, and PSA grading costs as deductions. We know this market.
Strategic sale of losing positions to offset gains. Unlike stocks, crypto currently has no wash-sale rule — giving significant flexibility for year-end planning.
We reconcile 1099-Ks from eBay, TCGPlayer, PayPal, and Venmo — ensuring you pay tax on actual gains, not gross sales, which are dramatically different figures.
Your first consultation is free. We'll identify exactly what applies to your situation.