Crypto once felt like the Wild West, with anonymous wallets, digital freedom, and no middlemen in sight. For years, small investors rode the wave, dabbling in Bitcoin or Ethereum and even flipping NFTs, all under the quiet assumption that the IRS wasn’t watching too closely. That illusion has now collapsed, as new reporting rules put every trade under the microscope. What once seemed like casual side profits are now taxable events with real consequences. Here’s what you need to know about cryptocurrency taxes, and how to prepare before the IRS comes knocking.
