Disclaimer: Not tax advice, educational purposes only. Consult your own tax professional. We are are mod of r/CryptoTax and as a firm that primarily performs crypto reconciliation read Notice 2026-20 properly this week and there are two things in it that I have not seen discussed, both with a deadline attached. JustinCPA wrote the best explanation of why your books and the exchange diverge, and why that divergence is permanent. Read that first, it is the better piece on the mechanism. This post
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