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SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
SoSo Daily Jul. 6 | The 1inch Investment Fund purchased 9,652,000 1INCH 5 hours ago at a price of $0.18.
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CoinTracker
Crypto portfolio and tax assistant
cointracker
Twitter
Categories:
Tax & Accounting
Tools
Ecosystem:
Ethereum
Optimism
trọng tài
Region:
United States
Founded:
2017
CoinTracker is a portfolio assistant for cryptocurrency that enables consumers and businesses to track their cryptocurrency portfolio, investment performance, taxes, and more seamlessly.
CoinTracker Fundraising
Series A
Amount
$100M
Valuation
--
Date
Jan 27, 2022
Investors
Accel*
Gokul Rajaram
Seven Seven Six
General Catalyst
Triton Capital XYZ
Y Combinator
Coinbase Ventures
Initialized Capital
Seed
Amount
$2M
Valuation
--
Date
Apr 10, 2018
Investors
Initialized Capital*
Kindred Ventures
Ryan Shea
Signature Ventures
Y Combinator
Juan Benet
Investor
Coinbase Ventures
United States
Triton Capital XYZ
United States
General Catalyst
Accel
United States
Gokul Rajaram
Juan Benet
Signature Ventures
Germany
Y Combinator
United States
Initialized Capital
United States
Seven Seven Six
United States
Kindred Ventures
United States
Ryan Shea
CoinTracker Team
Jon Lerner
Co-Founder
Chandan Lodha
Co-Founder
News
See your entire crypto portfolio in one app. Stop juggling tabs and apps to track your crypto. The CoinTracker app brings every wallet and exchange together, updated live, so you always have the full picture. 📲 Download today https://t.co/3lJ0DHvUh8
<span style="color:#F00">CoinTracker</span>
3 days ago
20 operators advancing the industry forward 13 powerhouse companies in one room 4 exquisite courses 1 epic time Thank you New York and @Permissionless for your hospitality https://t.co/9TkkKRdWF5
<span style="color:#F00">CoinTracker</span>
8 days ago
Good morning New York. 🍎 Who else is heading to @Permissionless in Brooklyn next week? The CoinTracker team will be on the ground to chat tax-compliance and staying organized in a multi-chain world. https://t.co/qHT4uFVpX2
<span style="color:#F00">CoinTracker</span>
18 days ago
BM 🐻⛓️ CoinTracker now supports @berachain BVM = EVM compatibility → seamless wallet tracking Low gas fees → more on-chain activity, less cost On-chain PEMM/AMM → complex trades, auto-categorized https://t.co/izN1E7lPol
#Layer1
$BERA
<span style="color:#F00">CoinTracker</span>
25 days ago
CoinTracker now supports @trondao, the high-throughput blockchain powering DeFi, stablecoins, and Web3 gaming. Easily track your TRX and TRC20 token activity - including USDT, BTT, and more - directly within @CoinTracker. https://t.co/tjTM7Pexda
#DeFi
$TRX
<span style="color:#F00">CoinTracker</span>
29 days ago
Scan QR Code to Explore more key information
CoinTracker
Crypto portfolio and tax assistant
cointracker
Twitter
Categories:
Tax & Accounting
Tools
Ecosystem:
Ethereum
Optimism
trọng tài
Region:
United States
Founded:
2017
CoinTracker is a portfolio assistant for cryptocurrency that enables consumers and businesses to track their cryptocurrency portfolio, investment performance, taxes, and more seamlessly.
CoinTracker Fundraising
Fundraising Event
RoundAmountValuationDateInvestors
Series A$100M--Jan 27, 2022
Accel*
Gokul Rajaram
Seven Seven Six
General Catalyst
Triton Capital XYZ
Y Combinator
Coinbase Ventures
Initialized Capital
Seed$2M--Apr 10, 2018
Initialized Capital*
Kindred Ventures
Ryan Shea
Signature Ventures
Y Combinator
Juan Benet
Investor
Coinbase Ventures
United States
Triton Capital XYZ
United States
General Catalyst
Accel
United States
Gokul Rajaram
Juan Benet
Signature Ventures
Germany
Y Combinator
United States
Initialized Capital
United States
Seven Seven Six
United States
Kindred Ventures
United States
Ryan Shea
CoinTracker Team
Jon Lerner
Co-Founder
Chandan Lodha
Co-Founder
Powered by
News
See your entire crypto portfolio in one app. Stop juggling tabs and apps to track your crypto. The CoinTracker app brings every wallet and exchange together, updated live, so you always have the full picture. 📲 Download today https://t.co/3lJ0DHvUh8
<span style="color:#F00">CoinTracker</span>
3 days ago
20 operators advancing the industry forward 13 powerhouse companies in one room 4 exquisite courses 1 epic time Thank you New York and @Permissionless for your hospitality https://t.co/9TkkKRdWF5
<span style="color:#F00">CoinTracker</span>
8 days ago
Good morning New York. 🍎 Who else is heading to @Permissionless in Brooklyn next week? The CoinTracker team will be on the ground to chat tax-compliance and staying organized in a multi-chain world. https://t.co/qHT4uFVpX2
<span style="color:#F00">CoinTracker</span>
18 days ago
BM 🐻⛓️ CoinTracker now supports @berachain BVM = EVM compatibility → seamless wallet tracking Low gas fees → more on-chain activity, less cost On-chain PEMM/AMM → complex trades, auto-categorized https://t.co/izN1E7lPol
#Layer1
$BERA
<span style="color:#F00">CoinTracker</span>
25 days ago
CoinTracker now supports @trondao, the high-throughput blockchain powering DeFi, stablecoins, and Web3 gaming. Easily track your TRX and TRC20 token activity - including USDT, BTT, and more - directly within @CoinTracker. https://t.co/tjTM7Pexda
#DeFi
$TRX
<span style="color:#F00">CoinTracker</span>
29 days ago
CoinTracker now supports @StoryProtocol, the L1 blockchain transforming IP into programmable assets.By syncing your Story wallet to CoinTracker, you gain clarity and control over your IP transactions, ensuring accurate tax reporting and portfolio management. https://t.co/f3Ic9oHqEz
#Layer1
<span style="color:#F00">CoinTracker</span>
Jun 2, 2025
Starting in January 2026, the IRS will require platforms like Coinbase and Kraken to issue 1099-DA forms for all digital asset disposals. These new tax forms will report: → Type of asset → Date of sale → Proceeds from the transaction But there’s a catch: For assets moved from other wallets or exchanges, the original cost basis may be missing—leading to potential overreporting of gains.
<span style="color:#F00">CoinTracker</span>
May 27, 2025
Huge milestone for CoinTracker. Introducing CoinTracker Enterprise — a subledger designed with crypto finance pros, not just for them. Built for speed, scale, and sanity. Go see what the team cooked up 👇 @CoinTrackerEnt https://t.co/j7NSqnroFI
<span style="color:#F00">CoinTracker</span>
May 21, 2025
Thanks to everyone who came out to celebrate getting through tax season with us at @PubKey last week. We loved getting to share a cold one with our New York CoinTracker users. Our cortisol levels have officially returned to normal. 🍺 https://t.co/3KBvoEGdGw
<span style="color:#F00">CoinTracker</span>
Apr 22, 2025
You made it through tax season. Let us buy you a drink. Meet us at @PubKey tonight at 7pm. 🍻 https://t.co/nyxxRM5w9y
<span style="color:#F00">CoinTracker</span>
Apr 16, 2025
Last call. 🍺 If you participated in the procrastination Super Bowl, use CoinTracker to file your crypto taxes fast. Later is now. https://t.co/QFZqEczQOK
#DeFi
<span style="color:#F00">CoinTracker</span>
Apr 15, 2025
Spent all year earning yield on Polygon? Spend 10 minutes reconciling your reports with CoinTracker https://t.co/itfdfbLDyd
#DeFi
$MATIC
$POL
<span style="color:#F00">CoinTracker</span>
Apr 14, 2025
You do crypto, we do taxes 👉 https://t.co/p01KrYPBzp
<span style="color:#F00">CoinTracker</span>
Apr 13, 2025
2 days left to file your taxes. You don't need 2 days, you just need CoinTracker. https://t.co/FTRchGUFoi
<span style="color:#F00">CoinTracker</span>
Apr 13, 2025
You filed your crypto taxes. Now come touch grass (AKA drink beer). CoinTracker is hosting a tax season afterparty at @PubKey. 📅 Wednesday, April 16 ⏰ 7–9pm Show your CoinTracker account at the door and get a free drink. You’ve earned it. https://t.co/alsXioPc40
<span style="color:#F00">CoinTracker</span>
Apr 10, 2025
We’re live with @BillyM2k and @TheCryptoCPA ⬇️
<span style="color:#F00">CoinTracker</span>
Apr 9, 2025
Rug pulled by @x spaces today. Keep an eye out for the rescheduled link.
<span style="color:#F00">CoinTracker</span>
Apr 8, 2025
Join us at 1 PM PT | 4 PM ET for a conversation on crypto taxes with @TheCryptoCPA
<span style="color:#F00">CoinTracker</span>
Apr 8, 2025
⏰ One week until the tax deadline. Still figuring out how to report your crypto trades? CoinTracker was built for this. https://t.co/Ab8sNQQ1kg
#DeFi
<span style="color:#F00">CoinTracker</span>
Apr 8, 2025
Ordinals, inscriptions, $BTC transactions—tracked effortlessly on CoinTracker 🟠CoinTracker now supports @XverseApp, making bitcoin tax tracking effortless. No missing records, no last-minute panic. https://t.co/WQY9wFy8vr
#Bitcoin
$BTC
$MAG7.SSI
<span style="color:#F00">CoinTracker</span>
Mar 7, 2025
Unlock decentralized data for smart contracts with @FlareNetworks ⇆ Unlock effortless crypto tax tracking with CoinTracker.☀️ Now supporting Flare transactions, staking rewards, and FlareDrops. https://t.co/r1GrVTngYK
#DeFi
<span style="color:#F00">CoinTracker</span>
Mar 6, 2025
Tracking @LiskHQ transactions manually? Not anymore.CoinTracker now automatically organizes your staking rewards, transfers, and trades, keeping them tax-ready while you focus on building. https://t.co/7EeRAmDO7o
<span style="color:#F00">CoinTracker</span>
Mar 5, 2025
Get your crypto taxes done in 2 minutes with CoinTracker. ↓ https://t.co/FN3IIPNZPo
<span style="color:#F00">CoinTracker</span>
Mar 3, 2025
baby's first @EthereumDenver 🫂 https://t.co/VEC3vQ6Zlc
<span style="color:#F00">CoinTracker</span>
Feb 28, 2025
How do we simplify token finance from pre-TGE to post-TGE?CoinTracker co-founder @ChandanGLodha joins @web3financeclub and @accountantquits for a conversation on the subject this morning ↓📅: February 28th, 2025⏰: 9:00 AM - 12:00 PM📍: The Source Hotel, Denver https://t.co/TVe2EsRXut
<span style="color:#F00">CoinTracker</span>
Feb 28, 2025
Account health reviews are underway at booth 326!New users attending ETHDenver can use code ethdenver2025 to save on your CoinTracker tax plan.
<span style="color:#F00">CoinTracker</span>
Feb 27, 2025
gm @EthereumDenver https://t.co/L2DafSFXw6
<span style="color:#F00">CoinTracker</span>
Feb 26, 2025
What tax forms do crypto users need to file? → Form 8949 for taxable gains and losses (selling, swapping, buying) → Schedule 1 for crypto-related income (staking, mining, airdrops) https://t.co/g8B2ETYPLe
<span style="color:#F00">CoinTracker</span>
Feb 25, 2025
DM CoinTracker Support to schedule an account health evaluation in Denver ⤵️ https://t.co/CVIej2Wj3i
<span style="color:#F00">CoinTracker</span>
Feb 24, 2025
📍@EthereumDenverFind our team at booth 326 to talk:✔️ Crypto tax reporting✔️ CoinTracker’s DeFi support & integration roadmap✔️ Enterprise-grade digital asset accounting
<span style="color:#F00">CoinTracker</span>
Feb 24, 2025
filed in minutes. outside for hours. https://t.co/DP9ZlJ4lfL
<span style="color:#F00">CoinTracker</span>
Feb 22, 2025
Trade fast and track effortlessly with CoinTracker’s @HyperliquidX integration.Hyperliquid’s high-speed L1 enables fully on-chain, transparent trading with sub-second finality and 100k orders per second. Now, CoinTracker ensures your spot & perpetuals trades are seamlessly tracked and tax-ready—so you can get back to what matters. 📈
#Layer1
<span style="color:#F00">CoinTracker</span>
Feb 21, 2025
You may have noticed an influx of chain coverage from us lately.That’s because we 💙 to ship.Detailing all of our product improvements from last month... ↓ https://t.co/dLMNX0kj2x
<span style="color:#F00">CoinTracker</span>
Feb 20, 2025
Tracking @Aptos transactions is now seamless with CoinTracker.Aptos delivers scalability, security, and low fees, making it the premier chain for builders and users alike. With CoinTracker, your Aptos transactions stay organized and tax-ready with ease.
#Layer1
$APT
<span style="color:#F00">CoinTracker</span>
Feb 19, 2025
Introducing seamless crypto tax tracking for @NEARprotocol ⛓️CoinTracker is the only crypto tax solution that imports NEAR staking rewards at each epoch, ensuring accurate tax treatment for stakers.Full support for transfers, staking, & DeFi—stay organized & tax-ready with ease.
#DeFi
$NEAR
<span style="color:#F00">CoinTracker</span>
Feb 18, 2025
CoinTracker now supports @KusamaNetwork— where experimentation meets innovation. 🦜Built on Substrate & designed for rapid evolution, Kusama is the canary network to @Polkadot's ecosystem.➡️ Track transfers, monitor staking, & embrace the frontier with Kusama on CoinTracker. https://t.co/qwt4cdfuGG
#Layer1
$KSM
<span style="color:#F00">CoinTracker</span>
Feb 14, 2025
Proof of Love Happy Valentines Day, CoinTrackers 💌
<span style="color:#F00">CoinTracker</span>
Feb 14, 2025
Your $SOL staking taxes have officially been simplified.CoinTracker now auto-tracks rewards at each epoch for pinpoint tax accuracy—and MEV rewards are automatically categorized as income.0⃣ guesswork — just a clear view of your taxable income while you stake on @solana. https://t.co/GVsZjJDTev
#DeFi
$MAG7.SSI
$SOL
<span style="color:#F00">CoinTracker</span>
Feb 13, 2025
CoinTracker's official crypto tax guide for the 2024 tax year is here — so you can file with confidence.The IRS is watching crypto more closely than ever. If you traded, staked, or earned crypto in 2024, you’ll need to report it.→ Is crypto taxable? Do you have to pay taxes on crypto in the U.S.?Yes. The IRS classifies crypto as property, just like stocks or real estate. That means anytime you sell, trade, or spend crypto, you may owe taxes.If you profit from a sale or trade, you pay capital gains tax. If you earn crypto through staking, mining, or airdrops, it’s taxed as ordinary income based on the value when received.Not reporting can lead to IRS audits, fines, or even legal action—so it’s critical to get it right.→ What is a taxable event?A taxable event occurs when you dispose of crypto or earn it as income. Common taxable events include:➤ Selling crypto for fiat – Cashing out to USD, EUR, etc.➤ Trading one crypto for another – Even swapping stablecoins counts.➤ Spending crypto – Buying coffee with Bitcoin? That’s a taxable event.➤ Earning staking, mining, or airdrop rewards – The IRS considers these taxable income.➤ Receiving crypto from a hard fork – If a blockchain splits and you get new tokens, it’s taxable.Every taxable event requires calculating cost basis, proceeds, and capital gains/losses—which is why tracking transactions is key.→ Short-term vs. long-term capital gainsThe amount you owe in taxes depends on how long you hold your crypto before selling:🔹 Short-term capital gains – If you sell crypto within a year, gains are taxed as ordinary income (10%–37%).🔹 Long-term capital gains – If you hold for more than a year, you qualify for lower tax rates: 0%, 15%, or 20% depending on income.Example:You buy 1 BTC for $30K and sell it 6 months later for $40K → Short-term tax (higher rate)You buy 1 BTC for $30K and sell it 2 years later for $40K → Long-term tax (lower rate)Holding longer = potential lower taxes.→ Reporting losses, scams, and theft❓ Do you have to report crypto on taxes if you lost money?Yes. The IRS requires reporting ALL crypto transactions, even losses. But losses can work in your favor by reducing your tax bill.✔ Capital losses can offset capital gains → If you lost money on trades, you may pay less tax.✔ Up to $3,000 in excess losses can be deducted from regular income (wages, business income, etc.).✔ Carry forward losses indefinitely to offset future gains.Example:You made $5K in crypto gains but lost $2K on a bad trade. You only pay tax on the net $3K gain.🚩 Hacks, bankruptcies, and scams? You may be able to deduct those losses, but tax treatment depends on specifics. Consult a tax pro for guidance.→ Taxable income from crypto activitiesIf you earned crypto in any way, it’s likely taxable income when received.📌 Common taxable income sources:➤ Staking & mining rewards➤ Airdrops & hard forks➤ Liquidity provider rewards (DeFi)➤ Play-to-earn (P2E) crypto gaming➤ Payments for freelance work or services📌 How is it taxed?Crypto income is taxed as ordinary income based on its fair market value (FMV) when received.Example:You stake ETH and receive 0.5 ETH in rewards when it’s worth $1,500.That $1,500 is taxable income, just like getting paid in cash.🔹 If you sell or trade the crypto later, you owe capital gains tax on any profit.→ Tax-exempt and non-taxable crypto transactionsNot everything is taxable. Some crypto transactions are tax-free, including:✔ Buying crypto with fiat – Purchasing BTC with USD? Not taxable (until you sell).✔ Transferring crypto between wallets you own – Moving assets isn’t taxable, but track cost basis.✔ Gifting crypto (under $19K in 2025) – No taxes for the recipient; donor may need to file a gift tax return.✔ Donating crypto to a 501(c)(3) charity – Deductible based on FMV at the time of donation.Example:You transfer ETH from Coinbase to your hardware wallet → NOT taxable.You send a friend $500 in BTC as a gift → NOT taxable (unless over IRS limits).→ DeFi taxation: What you need to knowThe IRS is paying more attention to DeFi—and many transactions are taxable.🔹Taxable DeFi transactions:➤ Swaps on DEXs (@Uniswap, @PancakeSwap) = taxable trades➤ Providing liquidity = Potential taxable event➤ Borrowing against crypto collateral = NOT taxable, but liquidations can be➤ Earning yield, farming rewards, or airdrops = Taxable incomeExample:You trade ETH for wETH on Uniswap → Taxable tradeYou provide liquidity on Curve and earn CRV tokens → Taxable income→ Crypto tax filing made simpleFiling doesn’t have to be complicated.✔ Track transactions effortlessly across 500+ wallets & exchanges✔ Auto-generate IRS-ready tax reports✔ File seamlessly with @turbotax, @HRBlock, or your CPANo stress, no surprises—just crypto tax clarity.📖 Explore our entire 2025 Crypto Tax Guide & stay compliant → https://t.co/ViTPkfXQ6V
#DeFi
<span style="color:#F00">CoinTracker</span>
Feb 12, 2025
🟧 @Stacks support is now live! CoinTracker is the only crypto tax solution to automatically categorize Stacks DeFi transactions.Stacks brings smart contracts and DeFi to Bitcoin—letting users build on Bitcoin’s security while keeping control of their data and identity.Full transaction coverage, including staking and DeFi—Tracking your Stacks activity is seamless with CoinTracker.
#DeFi
$STX
$BTC
<span style="color:#F00">CoinTracker</span>
Feb 12, 2025
Crypto has evolved. So have we. This tax season, CoinTracker has a new look—new logo, refreshed UI, smarter UX, and seamless tracking. Entirely designed for clarity, accuracy, and ease. What hasn’t changed? Our mission — to enable everyone to use crypto with peace of mind. → Explore our redesign in full detail: https://t.co/VHLF6kiFzu
<span style="color:#F00">CoinTracker</span>
Feb 11, 2025
CoinTracker now supports @hedera’s ultra-fast, secure HashgraphHedera’s enterprise-grade governance & low fees meets CoinTracker’s all-in-one easy to use platform—saving time & hassleTrack your $HBAR, fungible token, & NFT transactions & reconcile your crypto tax seamlessly https://t.co/LG3fJzbTvj
#Layer1
<span style="color:#F00">CoinTracker</span>
Feb 6, 2025
We've expanded CoinTracker’s onchain pricing coverage by ~250%☑️ +20M new pricing data points☑️ ~50K assets covered☑️ Historical pricing, seamlessly integrated https://t.co/PQX3p4vEZb
<span style="color:#F00">CoinTracker</span>
Feb 4, 2025
Five years strong. 💙 @coinbase has once again selected CoinTracker as an official tax partner.That means complete Coinbase coverage, exclusive perks, & seamless tax compliance—so you can focus on what matters.Trusted by 1M+ Coinbase users for seamless, accurate tax filing.
<span style="color:#F00">CoinTracker</span>
Feb 3, 2025
We’ve enhanced tax handling for @JupiterExchange users—so you can trade with confidence.✅ Onchain dollar cost average (DCA), value average (VA), and limit orders are now non-taxable at order creation or asset transfer.✅ Taxable events occur only when an order is fulfilled (partially or fully).✅ Canceled orders retain the original cost basis & holding period of deposited assets.Stay in control of your crypto taxes. Try it out & share your feedback. 🪐
<span style="color:#F00">CoinTracker</span>
Jan 29, 2025
Crypto taxes, simplified. Join us today. ↓ CoinTracker's head of tax @TheCryptoCPA joins @BillyM2k for a crypto tax AMA - tune in now so you can unwind later. ⌚ 10am PT | 1pm ET https://t.co/0fHWjiKffv
<span style="color:#F00">CoinTracker</span>
Jan 28, 2025
Appreciate the positive feedback on our new look. :)To summarize, this isn’t just a fresh coat of paint — we’ve rebuilt everything:➤ Unmatched accuracy for complex cross-chain transactions➤ Faster performance for large portfolios➤ Intuitive navigation & proactive account tools
<span style="color:#F00">CoinTracker</span>
Jan 24, 2025
Hi 👋 We look a little different.A bold new brand for a bold new era — but not only that. More on what we’ve been up to… https://t.co/xpwLy6D5ci https://t.co/dIo6a61QaQ
<span style="color:#F00">CoinTracker</span>
Jan 22, 2025
@TheCryptoCPA @cglodha better schedule that appointment @TheCryptoCPA https://t.co/Pr9bZRziwt
<span style="color:#F00">CoinTracker</span>
Jan 21, 2025
There's something new on the horizon https://t.co/mcIWHpknNP
<span style="color:#F00">CoinTracker</span>
Jan 17, 2025
Out: Leaving your crypto taxes until the last minuteIn: Letting CoinTracker deal with the tax grindLock in our best deal of the year with 20% off for new users. Offer ends Jan 31. https://t.co/gaBxnRXDPE
<span style="color:#F00">CoinTracker</span>
Jan 15, 2025
posting for the record @TheCryptoCPA https://t.co/CvWtDXa1vY
<span style="color:#F00">CoinTracker</span>
Jan 9, 2025
gm @Tangem users 👋CoinTracker now supports activity on Tangem, making it easier to reconcile your crypto taxes while keeping your assets secure in cold storage. 🔒Stay organized and compliant: https://t.co/p01KrYP3JR https://t.co/DOLFqY5FBU
<span style="color:#F00">CoinTracker</span>
Jan 8, 2025
we're gonna hold your hand when we tell you this...
<span style="color:#F00">CoinTracker</span>
Jan 8, 2025
Missed the 12/31/24 crypto safe harbor deadline? Don’t panic—here’s what it means + your next steps. 👇First things first:The safe harbor only matters if you’ve been using the Universal cost basis tracking method for calculating crypto gains/losses.🔍 Check your tax software settings to see if you’ve been using Universal or Per-wallet.Universal: Treats all wallets as one big wallet (like combining Wallet A + Wallet B).Per-wallet: Tracks each wallet separately (Wallet A and Wallet B are independent).Starting now, the IRS only allows Per-wallet tracking.What is the safe harbor?The IRS made rules (Rev. Proc. 2024-28) to help Universal users switch to Per-wallet tracking without being hit with penalties.🛡️ If you followed the rules and hit the general 12/31/24 deadline (note there may be exceptions to this deadline depending on your situation), the IRS wouldn’t recalculate your old gains/losses or charge penalties if you’re audited.Why is this so tricky?Switching from Universal to Per-wallet tracking is… complicated. Think mind-melting spreadsheets and IRS jargon. 🙄Your options:1. Talk to a CPA.2. Use a crypto tax tool (like @CoinTracker) to do the hard stuff for you.What if you missed the deadline?If you missed 12/31/24, don’t freak out yet! You might still qualify for safe harbor depending on your situation.👉 Check the IRS table of exceptions (it’s full of “later of” and “earlier of” deadlines, so read carefully).Why should you care?If you missed the deadline AND get audited, the IRS could:- Recalculate your old Universal-based gains/losses under Per-wallet rules.- Hit you with penalties.Keyword: "If" (not guaranteed, but possible).What do you need to do now?- There’s no form to file with the IRS.- Just update your records or crypto tax software to reflect Per-wallet tracking.- If you’re using @CoinTracker, it has tools to automate this and keep your docs audit-ready. 📄
<span style="color:#F00">CoinTracker</span>
Jan 7, 2025
gm and happy $btc genesis day to those who celebrate
#Bitcoin
<span style="color:#F00">CoinTracker</span>
Jan 3, 2025
The IRS has issued temporary relief under section 1.1012-1(j)(3)(ii) Here’s what you need to know. 👇 What’s the deal? For context, the IRS made new rules a while back for CeFi brokers: starting Jan 1, 2025, if you don’t tell the broker how to handle your crypto sales (like using HIFO or Spec ID accounting), they’ll default to FIFO (First In, First Out). Translation: FIFO means they’ll sell your oldest crypto first, which might have a super low cost basis (aka more taxable gains = higher tax bill). Not fun during a bull market. 💸 The problem: Most CeFi exchanges weren’t ready to let you pick specific accounting methods by 1/1/25. So, people were stuck with FIFO whether they liked it or not. The fix: The IRS noticed this mess and dropped a temporary relief rule (Notice 2025-7). Now, if you sell crypto on a CeFi exchange in 2025, you can use your own records (like CoinTracker 🙋‍♀️) to decide which assets you’re selling. No forced FIFO. But there’s a catch: This rule only covers 2025. After Dec 31, 2025, CeFi exchanges should have their stuff together. You’ll need to lock in your preferred accounting method (HIFO, LIFO, etc.) with them by Jan 1, 2026—or you’re back to FIFO as the default. 💡 Make sure your exchange and tax software are on the same page so your records sync up. Do you need to do anything now? Nope! This relief happens automatically. But if you sell crypto in 2025, be sure you’re tracking your transactions with good software or detailed records. Otherwise, you’re stuck with FIFO, which could mean a bigger tax bill.
#DeFi
<span style="color:#F00">CoinTracker</span>
Jan 2, 2025
gm & HNY CoinTrackers 💙 What are your 2025 crypto predictions?
<span style="color:#F00">CoinTracker</span>
Jan 2, 2025
🔽CoinTracker's tax loss harvesting tool in action🔽 We’ve made big improvements to our tax-loss harvesting tool to take the guesswork out of crypto taxes... 🧮 💡Offset gains & deduct up to $3,000 in taxable income. 💡Carry forward extra losses to future years. 💡Plan smarter strategies with real insights. Don’t wait—harvest losses before the Dec. 31 deadline: https://t.co/WkpIWIimor
<span style="color:#F00">CoinTracker</span>
Dec 19, 2024
gm @BlockchainAssn thanks for having us 🤝 https://t.co/qAzO0ZLnRl
<span style="color:#F00">CoinTracker</span>
Dec 18, 2024
BTC:$108,039.9-0.17%ETH:$2,512.6-0.44%ssiMAG7:$20+0.18%ssiMeme:$15.64+0.70%
BTC:$108,039.9-0.17%ETH:$2,512.6-0.44%XRP:$2.2675+1.92%BNB:$655.71+0.00%
SOL:$147.6-0.52%TRX:$0.2849+0.11%DOGE:$0.16459+0.09%ADA:$0.5775+0.24%
11:35Renmin University of China Institute of Fintech: Promote Interoperability and Mutual Recognition of Controllable Stablecoins and Digital Yuan
11:30Planet Evening News
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