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IRS Audit: DeFi yield farming tax treatment

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Started by hearsay_harry_34 · Mar 27, 2024 · 1,806 views · 0 replies

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

hearsay_harry_34 OP Mar 27, 2024

Sorry for the wall of text. I'm in a difficult situation and trying to figure out my next steps.

DeFi yield farming tax treatment. I've been dealing with this for about 15 months now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

Has anyone been through something similar? What worked for you?

two_cents_here_13 Feb 4

Important: the IRS now requires Form 1099-DA from crypto brokers starting in 2026. Coinbase, Kraken, etc. will be reporting your transactions. If you haven't been reporting crypto gains, now is the time to catch up just saying.

IRS Audit: DeFi yield farming tax treatment

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