Solve the IRS Form 1099DA Problem: Don't Commit Perjury for Ignorance

Описание: Solve the IRS Form 1099DA Problem: Don't Commit Perjury for Ignorance

The IRS is now receiving Form 1099-DA, which reports your gross crypto proceeds but often leaves the cost basis field blank

. This is not a filing error; it is a structural problem called "Basis Evaporation." Because exchanges don’t know what you paid for assets moved from other wallets or platforms, they only report the sale to the IRS
. Without proper documentation, the IRS is permitted to treat your cost basis as zero, potentially turning a small profit into a massive tax assessment
. In one documented case, a compliant investor faced a $85,000 tax proposal on a real gain of only $13,000 due to this documentation gap

Beyond the tax bill, the IRS has introduced new audit forms requiring you to list every wallet and platform you have ever used under penalty of perjury

. Discrepancies between your memory and the IRS’s growing dataset can lead to serious legal exposure

Koinly solves this using Smart Transfer Matching. It builds a unified map of your holdings across 1,000+ exchange integrations and 7,000+ DeFi protocols, identifying internal transfers between your own wallets to preserve your original cost basis

. This ensures you only pay taxes on your actual gains, not on the movement of your own funds

Solve this problem for free today using the link below: https://shor.by/FixForm1099DA

Why use this link?

Track for Free: You can import your entire history and track up to 10,000 transactions for free

See Your Number First: Koinly provides a full capital gains and income preview across all your wallets before you pay anything

30% Discount: If you decide to download your official tax report (Form 8949, Schedule D, etc.), this link automatically applies a 30% discount at checkout

Don't guess on your taxes or wait for an IRS notice. Connect your wallets, see your actual liability for free, and secure your 30% discount for when you're ready to file