"But once basis gets added into the mix, everything changes because now the IRS can do the full maths on its own. They don't just know you sold, they can automatically work out your profit or loss without needing you to fill in the blanks, although they'll still ask you to calculate everything yourself just for fun. So for US crypto users, this likely means more mismatch letters, more automated notices, and more people finding out the hard way that tax season is the least fun time of the year."
By Coin Bureau | December 9, 2025 | Pending
From video
2026 Will Be A BAD YEAR For The Crypto Market!! 00:09:35 - 00:10:05
Interpreted Prediction
Once cost basis reporting is implemented, the IRS will automatically calculate crypto profits/losses, leading to more automated notices and mismatch letters for US crypto users.

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