Lark Davis|Feb 04, 2026 13:38
𝗧𝗵𝗲 𝗪𝗮𝗸𝗲-𝗨𝗽 𝗖𝗮𝗹𝗹
The IRS is coming for crypto traders in 2026.
For the first time ever, U.S. exchanges must report your digital asset sales directly to the IRS using the new 1099-DA form. Coinbase, Kraken, all of them are sending your trade data straight to the feds.
The IRS will know you've been trading. And you're still responsible for calculating and proving your cost basis on every single transaction.
Still think crypto is anonymous? 62% of traders do. They're wrong.
Still think you only owe taxes when you cash out to dollars? 63% believe that. Also wrong! crypto-to-crypto swaps are taxable events.
The good news? Summ connects to 3,500+ exchanges and wallets, automatically calculates your gains and losses, and generates IRS-ready reports.
Stop guessing. Start knowing.
Get 20% off your first year with code LARK20. Click the link.
https://summ.com/us?via=lark&promo=LARK20(Lark Davis)
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