VoxFama - The Pulse of Fame

 Form 1099-DA reports your gross proceeds to the IRS. It does not report cost basis — because the exchange filing it doesn't have basis for assets that moved between platforms. The IRS now holds one side of the ledger. Koinly reconstructs the other side: every wallet, every transfer, every cost basis preserved in an unbroken chain from original purchase to final disposal. The 30% discount is available now via the link below. THE PROBLEM The 1099-DA arrived in early 2026 for the 2025 tax year. For many investors, the cost basis field is blank. This is not a filing error. The exchange reporting your proceeds never held custody of what you paid — those assets moved in from another platform, another wallet, another year. The IRS now has a document showing what you received. It does not have a document showing what you paid. If you cannot provide that document yourself, the IRS may treat your cost basis as zero. Tax attorneys have documented a case in which a proposed assessment of $...

A quiet structural problem is inflating crypto tax bills across the board. Here is what it is, why it happens, and what to do about it before you file. The investor had been reporting their crypto taxes for years. They used a CPA. They declared their gains and losses. They filed on time. When the IRS began requiring a checkbox on Form 1040 asking whether you had transacted in digital assets, they checked the correct box. By any reasonable standard, they were doing everything right. Then the notice arrived. The IRS was proposing a tax assessment of $85,000. The investor's actual gain — the difference between what they paid for their assets and what they received when they sold — was $13,000. The discrepancy was not the result of fraud, error, or evasion. It was the result of a documentation gap so common that tax attorneys have given it a name. The investor had moved their assets between platforms over the years. The exchange that reported their sale to the IRS had no record o...