1099-DA Blank Cost Basis Problem - How to Calculate Box 1g for IRS Form 8949 (2025 Tax Year)

Описание: 🚨 If your 1099-DA has Box 1g (cost basis) blank, the IRS will assume you paid $0 for your crypto and tax you on the FULL proceeds. This video shows you exactly how to fix it.

⏰ TIMESTAMPS:
00:00 - The Problem: Blank Box 1g
00:08 - Step 1: Upload Your 1099-DA CSV
00:27 - Step 2: Map Your Transaction Data
00:46 - Step 3: Calculate Missing Cost Basis
01:06 - Step 4: Historical Price Lookup
01:28 - Step 5: Generate IRS Form 8949
01:58 - Step 6: Download Your Tax Documents
02:27 - Final Results & Next Steps

📋 WHAT YOU'LL LEARN:
✅ Why 70% of crypto 1099-DAs have blank cost basis
✅ How to use historical crypto prices to calculate your basis
✅ How to generate IRS Form 8949 correctly
✅ How to avoid $4,000+ in unnecessary taxes
✅ What to do if you have multiple transactions

🔧 TOOL USED: TaxRabbit (https://taxrabbit.xyz)
💰 Pricing: $29.99 one-time (no subscription)
📄 What You Get: IRS Form 8949 PDF, Basis Summary, TurboTax CSV

⚠️ COMMON MISTAKES TO AVOID:
Filing your taxes with blank Box 1g (IRS assumes $0 basis)
Using the wrong acquisition date (affects short-term vs long-term)
Forgetting to include acquisition fees in your basis
Not documenting your calculation methodology

🎯 WHO THIS IS FOR:
Crypto holders who received a 1099-DA from Coinbase, Kraken, Gemini, etc.
Anyone with blank Box 1g on their 1099-DA form
People looking to avoid CP2000 notices from the IRS
Traders who need to calculate cost basis for multiple transactions

📚 RELATED RESOURCES:
IRS Form 8949 Instructions: https://www.irs.gov/forms-pubs/about-...
IRS Notice 2014-21 (Crypto Tax Guidance): https://www.irs.gov/pub/irs-drop/n-14...
What is Form 1099-DA: https://www.irs.gov/forms-pubs/about-...

⏰ TAX DEADLINES:
April 15, 2026: Filing deadline for 2025 tax year
October 15, 2026: Extended deadline (if you file Form 4868)

🔐 SECURITY & PRIVACY:
TaxRabbit uses bank-level encryption. Your data is stored securely on Supabase with row-level security. We never access your exchange accounts or personal financial data.

⚖️ DISCLAIMER:
This video is for educational purposes only. TaxRabbit is a calculation tool, not tax advice. All generated documents should be reviewed by a qualified tax professional before filing. Consult a CPA or tax advisor for personalized guidance.

💬 QUESTIONS? Drop them in the comments below and I'll help you out.

👍 If this helped you, please like and subscribe for more crypto tax tutorials.

🔗 LINKS:
TaxRabbit: https://taxrabbit.xyz
Twitter/X: https://x.com/khalidx_dev
Support: [email protected]

#CryptoTax #1099DA #Form8949 #CryptoCostBasis #TaxSeason2026 #IRS #Bitcoin #Ethereum #CryptoTaxes #TaxRabbit #BlankBox1g #CoinbaseTaxes #KrakenTaxes #CryptoTaxHelp