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In 2025, the IRS is rolling out a brand new crypto tax reporting system — and it is going to change everything. Form 1099-DA is designed to track your digital asset transactions directly at the exchange level, and if you’re not ready for this, you could end up paying tax on gains you never actually made. This video breaks down: • What Form 1099-DA really is • Why your cost basis may be reported as $0 by default • How this could cause massively inflated tax bills • The new wallet-by-wallet record keeping requirement • And the exact strategy to protect yourself before 2025 This is not optional. This is the new reality of crypto. If you own Bitcoin, ETH, altcoins, NFTs, stablecoins, or DeFi assets — this affects you. The IRS isn’t guessing anymore. They’re getting your data directly. But with the right game plan, you can stay safe and legally minimize your taxes. Join this channel to get access to perks: / @timtalksfinance ⚠️ Affiliate Links: Bitunix: https://bit.ly/3J6EgCo Weex: https://bit.ly/4oIfAyY Ledger Nano: https://bit.ly/4ofQS9y ⚠️ Disclosure: This video features an AI-generated avatar and voice of Tim George created using HeyGen. The content, ideas, and narration are 100% written, researched, and approved by me for educational and entertainment purposes. 💰 Affiliate Disclaimer: Some of the links in this description may be affiliate links, meaning I may earn a small commission if you click through and make a purchase — at no additional cost to you. I only recommend products or services that I personally use, trust, or believe will bring value to my audience. 💡 Financial & Educational Disclaimer: I am not a licensed financial advisor, tax professional, or attorney. The information provided is for informational, educational, and entertainment purposes only and should not be construed as financial advice. Always conduct your own research and consult a qualified professional before making any investment or financial decisions.