For the first time, the IRS has your crypto sales records in hand. If you’re still pretending they don’t exist, they’ve already dug your grave.
Today, October 15, is the U.S. tax-filing extension deadline. This year is different from previous years: 2025 is the first year of 1099-DA. For the first time, U.S. brokers are reporting your platform sales directly to the IRS—exactly how much $BTC and $ETH you sold last year, transaction by transaction. The only thing they can’t see is your cost basis; you have to enter that yourself. Whether you made a profit, and how much, all depends on how honest you are.
Here’s the kicker: an extension gives you more time to file, not more time to pay. If you owed taxes on April 15 and didn’t pay, interest and penalties have been piling up since then. The late-payment penalty can reach up to 25% of the unpaid tax.
So it’s one of two choices: A) file honestly—if you lost money, you may still be able to deduct it; or B) keep pretending nothing happened and bet that the IRS will look the other way in its first year. Tell us in the comments: which one are you?
$BTC $ETH #美国 #报税 #IRS #1099DA
Today, October 15, is the U.S. tax-filing extension deadline. This year is different from previous years: 2025 is the first year of 1099-DA. For the first time, U.S. brokers are reporting your platform sales directly to the IRS—exactly how much $BTC and $ETH you sold last year, transaction by transaction. The only thing they can’t see is your cost basis; you have to enter that yourself. Whether you made a profit, and how much, all depends on how honest you are.
Here’s the kicker: an extension gives you more time to file, not more time to pay. If you owed taxes on April 15 and didn’t pay, interest and penalties have been piling up since then. The late-payment penalty can reach up to 25% of the unpaid tax.
So it’s one of two choices: A) file honestly—if you lost money, you may still be able to deduct it; or B) keep pretending nothing happened and bet that the IRS will look the other way in its first year. Tell us in the comments: which one are you?
$BTC $ETH #美国 #报税 #IRS #1099DA