Best Crypto Tax Tips in 2025
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).
- FIFO: first in, first out — simple, often the default.
- Average Cost: weighted average — great for steady DCA.
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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