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By Clinton Donnelly, LLM, EA | CEO & Founder, CryptoTaxAudit
Many ADA holders assume staking rewards are taxable only when sold. The thinking is that the rewards are tied up in the protocol until you stop staking. For Cardano, that assumption does not match how the network works.
...By Clinton Donnelly, LLM, EA | CEO & Founder, CryptoTaxAudit
On June 9th, 2026, Coinbase's top tax executive sat in front of the House Ways and Means Committee and told lawmakers the crypto wash sale rule should apply to digital assets. That testimo...
By Clinton Donnelly, LLM, EA | CEO & Founder, CryptoTaxAudit
With Form 1099-DA now in effect, U.S. exchanges report every sale, swap, and transfer you make to the IRS. Every single transaction. No minimum threshold. Every wallet address your exchange touched.
The IRS receives t...
By Clinton Donnelly, LLM, EA | CEO & Founder, CryptoTaxAudit
For the 2024 tax year, millions of crypto investors received a 1099-DA for the first time. Exchanges were required to report digital asset transactions directly to the IRS. This was supposed to bring clarity to crypto tax re...