Is Your Crypto Wallet Still Private? 1099-DA’s Impact on Private & Offshore Activity

🔗 Full Blog Article: https://www.cryptotaxaudit.com/blog/irs-tracking-crypto-wallets-1099-da

IRS Form 1099-DA just made “private” wallets a lot less private — and the implications for offshore activity are huge. This in-depth breakdown, read by Liam Higgins, Senior Account Manager at CryptoTaxAudit, explains exactly what the IRS will see and why even non-taxable events can trigger scrutiny.

What You’ll Learn in This Video:
- How wallet-to-wallet transfers get reported — even cold storage
- Why offshore wallets are linked back to your identity
- The risks for miners, validators, DeFi users, and yield farmers
- How missing cost basis can lead to 100% profit assumptions by the IRS
- How CryptoTaxAudit protects traders with end-to-end defense

💬 Got questions about IRS crypto reporting? Drop them in the comments — Clinton’s team answers real questions weekly.

Protect your portfolio: https://www.cryptotaxaudit.com/crypto-tax-consultation

Timestamps:
0:00 – Intro 1099-DA: Wallet & Offshore Tracking Overview
0:25 – Key Takeaways for Crypto Traders
1:01 – How Wallet Transfers Are Reported
1:21 – Offshore Wallet Tracking Explained
2:11 – Impact on Miners, Validators & DeFi Users
2:50 – Reporting Expansion & Cost Basis Issues
3:25 – Should You Keep Crypto on One Exchange?
3:55 – Why the 1099-DA Changes Everything
4:21 – How CryptoTaxAudit Protects Your Portfolio
5:06 – FAQs from Crypto Investors

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🎙️ About Clinton Donnelly
Clinton Donnelly, LLM, EA, is the founder of CryptoTaxAudit.com, the leading crypto tax and audit defense firm for U.S. taxpayers. Known as the “Crypto Tax Fixer,” he’s helped thousands of investors legally report their crypto holdings and defend against IRS scrutiny.

🏆 Award-Winning Expertise
In 2025, CryptoTaxAudit was named Cryptocurrency Taxation Services of the Year by Financial Services Review, recognizing Clinton’s unmatched reputation and legal precision in the crypto tax space. - https://www.financialservicesreview.com/cryptotaxaudit

CryptoTaxAudit specializes in:
✅ Complex gain calculations and wallet tracking
✅ Expat and foreign disclosure compliance
✅ IRS audits, defense, and forensic tax strategies
✅ Bulletproof crypto tax returns designed to resist audits

📬 Work with the CryptoTaxAudit team:
👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

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📜 Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.

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