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Tax Fundamentals

Lead · Tax Fundamentals

Form 8949 Mistakes Almost Always Happen in These Four Spots: The Details That Trip Up Crypto Filers

A completed Form 8949 can look perfectly fine, numbers all adding up — the real errors usually only surface once the tax authority cross-checks the data.
When reporting crypto capital gains or losses in the United States, most filers need to itemize every single disposal transaction on Form 8949, then carry the aggregated totals over to Schedule D. The form's fields themselves aren't complicated, but precisely because they're simple, the place people actually go wrong isn't "how to fill it out" — it's "whether the numbers going in are correct."...
Tax Fundamentals
Citizenship-Based vs. Residence-Based Taxation — Who Actually Gets to Tax Your Crypto Income
Residence-based taxation follows where you live; citizenship-based taxation...
Tax Fundamentals
When the Rules Aren't Clear, Use This Decision Framework to Decide What to Do
When you're uncertain, you don't need to figure it out from scratch each...
Tax Fundamentals
How to File an Amended Return: The Basic Process and Timing You Should Know
The most easily overlooked step in an amended return isn't preparing...
"A completed Form 8949 can look perfectly fine, numbers all adding up — the real errors usually only surface once the tax authority cross-checks the data."
— CryptoTax Bible
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