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IRS Audit: DeFi yield farming tax treatment

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.
HH
hearsay_harry_34 OP

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?

SS
two_cents_here_13

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.