#defi
Accounting for DeFi protocols, yield farming, and liquidity pools
A practical 2026 guide for independent crypto miners, Ethereum validators, and DeFi liquidity providers covering entity selection, Form 1099-DA basis reporting, Rev. Rul. 2023-14, OBBBA Section 174 R&D expensing, FBAR/Form 8938 thresholds, and KPI tracking.
Form 1099-DA, the IRS's first dedicated information return for digital asset broker transactions, is being issued for tax year 2025 during the 2026 filing season. A practical guide to the broker definition, the DeFi carve-out, the 2025 gross-proceeds-only phase-in versus 2026 basis reporting, the wallet-by-wallet basis tracking rule, and how to reconcile the form to your own records before filing.
DeFi protocols won't report your transactions to the IRS — but you're still required to. Learn how token swaps, staking, yield farming, and liquidity pools are taxed, plus a practical record-keeping system to stay compliant.
Master cryptocurrency accounting with Beancount.io. Learn to track Bitcoin, Ethereum, DeFi activities, staking rewards, and ensure tax compliance with plain-text accounting. Complete guide for crypto investors and traders.
Master DeFi accounting with Beancount.io. Learn to track yield farming, liquidity pools, staking rewards, and complex DeFi transactions for accurate tax reporting and portfolio management.
