Unchained Why 2025 Crypto Taxes Will Be Trickier Than Normal: What You Need to Know
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Jan 29, 2026 
Laura Walter, Founder and CPA of CryptoTaxGirl, explains why 2025 will complicate crypto taxes. She breaks down the new 1099-DA, wallet-by-wallet accounting, cost-basis allocation, and safe-harbor timing. Short tips on labeling wallets, choosing accounting methods, and when heavy DeFi or staking users should seek expert help.
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Don't File Until You Get 1099-DA
- Wait to file taxes until you receive your 1099-DA because mismatches can trigger audits.
- Match and supplement the 1099-DA with your own cost-basis calculations to avoid overstating gains.
Wallet-By-Wallet Accounting Shift
- The IRS moved from universal to wallet-by-wallet accounting, forcing taxpayers to allocate historical basis per wallet.
- That reallocation (safe-harbor) on Jan 1, 2025 requires reconciling all prior years and can change which holdings produce gains.
Place Basis Intentionally Per Wallet
- Allocate low-basis assets to long-term storage wallets and high-basis assets to active trading wallets.
- Be intentional about which wallet you use for experiments to avoid accidental large capital gains.