税务申报

【Account floating profit is a dream, only delivery profit counts】

Recently, there has been increasing discussion about overseas investment returns. A common misconception is that many people think it is calculated based on the floating profit of the total account assets at the end of the year. In fact, it is not; the core is to look at 'delivery profit and loss', which is the actual profit you receive after selling.

This can be understood as follows: as long as the assets are still in the account, no matter how much you have made on paper, it is still just 'paper wealth' and does not generate current tax liability. Only when you press the 'sell' button and convert the assets into cash does this portion of profit get officially recorded.

This leads to an important annual planning idea. If you achieve a profit through selling during the year but then use this cash to buy new stocks or assets before the end of the year (before December 31), from the perspective of annual settlement, this cash becomes 'goods' again. In this way, the realized profit for the year can be 'offset' by the newly purchased assets, thereby reasonably deferring tax liability to the future.

Therefore, for investors, when reviewing at the end of the year, one should not only look at the total asset amount but should also carefully account for the entire year's 'sell' records. This directly relates to your annual tax arrangements.

At the end of the year, will you adjust your positions for tax planning? How do you balance this operation with a long-term holding strategy?

Continue to track global market and strategy dynamics; feel free to follow.
This does not constitute investment advice.

#税务申报

🌐IRS New Rules: Cryptocurrency Exchange Reporting Requirements Upgraded, How Should Investors Respond?

Starting in 2025, the IRS will implement new rules requiring centralized cryptocurrency exchanges such as Coinbase and Gemini to report trading activities, which means a major upgrade in the supervision of digital asset investors.

That is to say, starting this year, the IRS will require cryptocurrency exchanges to report transaction information based on the new 1099-DA form, which will be delivered to taxpayers and the IRS in early 2026. Failure to comply with reporting regulations may cause problems because the IRS already has records of relevant transaction data.

Third-party reporting requirements for decentralized platforms such as Uniswap and Sushiswap will be delayed until 2027. These platforms will only report the total proceeds of transactions because they cannot access the original purchase data to calculate the cost basis.

However, due to the lack of this cost basis, investors are required to track the costs of their transactions themselves to accurately calculate their gains or losses even if the reporting requirements are delayed.

In addition, investors in Bitcoin ETFs will also be affected by the new reporting requirements this year. ETF providers will provide investors with a 1099-B or 1099-DA form that covers sales proceeds and any taxable events that occur within the fund. Therefore, even if held for the long term, management activities within the fund may generate taxable gains or losses.

The good news is that the IRS announced automatic relief for centralized finance users under the new crypto tax law in 2025, which also alleviated investors' concerns in the short term. However, starting in 2026, investors will need to determine an accounting method with their brokers, otherwise the first-in, first-out (FIFO) method will be used by default, which will increase the tax burden.

Are you ready for the IRS's new reporting requirements for cryptocurrency transactions? Will these changes affect your investment strategy? Share your thoughts or insights in the comments section!

 #加密货币 #税务新规 #IRS报告要求 #税务申报