Crypto Taxes in 2025: What Every Investor Needs to Know

Last April, I opened my mailbox to find a letter from the IRS that made my stomach drop. "We have information indicating you may have had virtual currency transactions that weren't reported on your tax return." My hands were literally shaking as I read it. Here I was, thinking I'd been careful with my crypto taxes, only to discover I'd missed reporting some DeFi transactions from 2022. The potential penalties? $3,400 plus interest. That letter changed everything about how I handle crypto taxes. After spending two weeks, $800 in accountant fees, and countless sleepless nights sorting it out, I learned lessons I wish I'd known years earlier. If you're holding crypto in 2025, the tax game has completely changed. The IRS isn't messing around anymore, and neither should you. The New Reality: Big Brother is Watching Your Wallet Remember when crypto felt like the Wild West? Those days are over. Starting January 1, 2025, every major exchange will start ...