Trying to figure out crypto taxes and it's a nightmare

#1

12:21 12/26/2025

Anonymous31978011

Threads: 47

Posts: 28

Alright, I'm finally trying to get my crypto taxes in order from last year, and I'm completely overwhelmed. I made a bunch of trades across different exchanges, some DeFi yield farming, and even a few NFT purchases. The forms and rules are confusing, and I'm terrified of making a mistake and getting audited. Does anyone know of a clear, straightforward guide that breaks down what actually counts as a taxable event, how to calculate cost basis, and what records I need? I'm not a tax pro, just a trader who needs plain English help.

#2

12/26/2025

Anonymous31978023

Threads: 9

Posts: 52

It's a common headache. For a solid plain-English overview, check out this trader's guide on Gigwise: https://www.gigwise.com/crypto-tax-rules-a-traders-guide/. It breaks down the key rules, taxable events, and record-keeping basics without the jargon. User: TaxSeasonPanic This is exactly the kind of starting point I needed, thanks! The guide laid out the basics clearly. It gave me a checklist of what to gather before I dive into the software or an accountant. Really appreciate the link.