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Best Crypto Tax Tips in 2025

On this page · Checklist · Records · Cost basis · Quick tools · FAQ

Quick Checklist (print-friendly)

1) Records & exports

  • Export CSVs monthly from every exchange/wallet.
  • Organize by year/month: 2025/01-binance.csv, etc.
  • Tag rewards/airdrops separately (income).

2) Cost basis (be consistent)

  • Pick a method: FIFO or Average Cost (follow local rules).
  • Document it in README-tax.txt next to your CSVs.
  • If you DCA, keep a recurring buys log (date, amount, fees).

3) Wallet hygiene

  • Keep used receive addresses (chain, memo/tag if needed).
  • Record major bridges/swaps (hash, date, amount).
  • For NFTs/staking, note the contract URL and withdrawals.

4) Common pitfalls

  • Don't confuse deposit with purchase (deposit itself usually not taxable).
  • Differentiate asset-to-asset trades vs crypto→fiat (often both taxable).
  • Include all fees (entry/exit, network) in cost.

Records: keep it boring & consistent

Minimal fields

  • Datetime (UTC recommended)
  • Asset / Pair (e.g., BTC/USDT)
  • Qty & Price (quantity, price, currency)
  • Fees (amount + currency)
  • Tx hash (for on-chain)

Simple routine

  • Monthly reminder to export all CSVs.
  • One folder per year; subfolders per exchange/chain.
  • A README-tax.txt documenting your choices (method, tools).

Cost basis (summary)

Choose a method and stick with it all year (unless changing per your local rules).

This is educational, not tax advice. Always check your local guidance.

Quick tools (free)

Values & conversions

Converter to snapshot a USD/EUR value for a specific date.

Profit calculator for quick P/L and ROI (with fees).

Organization

Reusable folder model: Tax/2025/{binance, kraken, wallets}/CSVs.

Add a mapping.txt if you rename exotic tickers.

FAQ (ultra-short)

Are deposits/withdrawals taxable?

Generally no—they're movements. Trades and conversions may be. Confirm locally.

Does DCA make taxes easier?

Often yes. Regular buys + Average Cost tend to keep logs tidy.


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